Jobless recoveries during financial crises: is inflation the way out?

Jobless recoveries during financial crises: is inflation the way out?

The slow rate of employment growth relative to that of output is a sticking point in the recovery from the financial crisis episode that started in 2008 in the U.S. and Europe (a phenomenon labeled 'jobless recovery'). The issue is a particularly burning one in Europe where some observers...

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Autores principales: Calvo, Guillermo, Coricelli, Fabrizio, Ottonello, Pablo
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
CRISIS FINANCIERA
INFLACIÓN
CRISIS ECONÓMICA 2008
MERCADO LABORAL
Acceso en línea:https://hdl.handle.net/20.500.12580/3810
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spelling oai-20.500.12580-38102021-04-24T11:08:42Z Jobless recoveries during financial crises: is inflation the way out? Calvo, Guillermo Coricelli, Fabrizio Ottonello, Pablo CRISIS FINANCIERA INFLACIÓN CRISIS ECONÓMICA 2008 MERCADO LABORAL The slow rate of employment growth relative to that of output is a sticking point in the recovery from the financial crisis episode that started in 2008 in the U.S. and Europe (a phenomenon labeled 'jobless recovery'). The issue is a particularly burning one in Europe where some observers claim that problem economies (like Greece Italy Ireland Spain and Portugal) would be better off abandoning the euro and gaining competitiveness through steep devaluation. This would be a momentous decision for Europe and the rest of the world because among other things it may set off an era of competitive devaluation and tariff war. Thus these topics require prompt attention. 2019-11-01T00:06:08Z 2019-11-01T00:06:08Z 2014 Artículo 978-956-7421-45-9 https://hdl.handle.net/20.500.12580/3810 eng Series on Central Banking Analysis and Economic Policies no. 19 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 331-381 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic CRISIS FINANCIERA
INFLACIÓN
CRISIS ECONÓMICA 2008
MERCADO LABORAL
spellingShingle CRISIS FINANCIERA
INFLACIÓN
CRISIS ECONÓMICA 2008
MERCADO LABORAL
Calvo, Guillermo
Coricelli, Fabrizio
Ottonello, Pablo
Jobless recoveries during financial crises: is inflation the way out?
description The slow rate of employment growth relative to that of output is a sticking point in the recovery from the financial crisis episode that started in 2008 in the U.S. and Europe (a phenomenon labeled 'jobless recovery'). The issue is a particularly burning one in Europe where some observers claim that problem economies (like Greece Italy Ireland Spain and Portugal) would be better off abandoning the euro and gaining competitiveness through steep devaluation. This would be a momentous decision for Europe and the rest of the world because among other things it may set off an era of competitive devaluation and tariff war. Thus these topics require prompt attention.
format Artículo
author Calvo, Guillermo
Coricelli, Fabrizio
Ottonello, Pablo
author_facet Calvo, Guillermo
Coricelli, Fabrizio
Ottonello, Pablo
author_sort Calvo, Guillermo
title Jobless recoveries during financial crises: is inflation the way out?
title_short Jobless recoveries during financial crises: is inflation the way out?
title_full Jobless recoveries during financial crises: is inflation the way out?
title_fullStr Jobless recoveries during financial crises: is inflation the way out?
title_full_unstemmed Jobless recoveries during financial crises: is inflation the way out?
title_sort jobless recoveries during financial crises: is inflation the way out?
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3810
work_keys_str_mv AT calvoguillermo joblessrecoveriesduringfinancialcrisesisinflationthewayout
AT coricellifabrizio joblessrecoveriesduringfinancialcrisesisinflationthewayout
AT ottonellopablo joblessrecoveriesduringfinancialcrisesisinflationthewayout
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