Boeri, Tito; Garibaldi, Pietro; Moen, Espen R. - IGIER (Innocenzo Gasparini Institute for Economic … - 2012
Great Recession increased more than in European countries experiencing larger output losses. Empirically, the paper uses a … financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor …The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that …