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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Bibliografiska uppgifter
Huvudupphovsman: Bakker, Bas
Övriga upphovsmän: Korczak, Marta, Krogulski, Krzysztof
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2019.
Serie:IMF Working Papers; Working Paper ; No. 2019/056
Länkar:Full text available on IMF