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This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies. The OECD unemployment rate has returned to close to its pre-crisis level, but the unemployment cost of the Great Recession has...
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presented here provides new evidence of the detrimental effects these policies have on the imposing country’s own economy. Most … highlights the costs to other sectors in the economy, the different impacts on intermediate versus final demand, and the declines …
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