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...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2019.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2019/114 |
| Accesso online: | Full text available on IMF |