Unemployment Surges in the EU : The Role of Risk Premium Shocks /

In the last decade, over half of the EU countries in the euro area or with currencies pegged to the euro were hit by large risk premium shocks. Previous papers have focused on the impact of these shocks on demand. This paper, by contrast, focuses on the impact on supply. We show that risk premium sh...

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Detalles Bibliográficos
Autor Principal: Bakker, Bas
Outros autores: Korczak, Marta, Krogulski, Krzysztof
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/056
Acceso en liña:Full text available on IMF