Hysteresis in Labor Markets? : Evidence from Professional Long-Term Forecasts /

We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly, forecasters typically raise their long-term forecasts of e...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bluedorn, John
Awduron Eraill: Leigh, Daniel
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2019.
Cyfres:IMF Working Papers; Working Paper ; No. 2019/114
Mynediad Ar-lein:Full text available on IMF