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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Библиографические подробности
Главный автор: Bakker, Bas
Другие авторы: Korczak, Marta, Krogulski, Krzysztof
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2019.
Серии:IMF Working Papers; Working Paper ; No. 2019/056
Online-ссылка:Full text available on IMF