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This edition of Employment in Poland is devoted to the analysis of the impact of the 2007-2009 global financial crisis (the so called Great Recession) on the labour market, and of the public finance and public debt crisis, which constitutes the direct consequence of a recession in some of the...
Persistent link: https://www.econbiz.de/10011099271
In this paper we utilize an open economy DSGE model to analyse factors behind the Great Recession and its transmission into labour markets of selected Southern European countries. We introduce a number of shocks which form potential sources of macroeconomic disturbances, in particular: foreign...
Persistent link: https://www.econbiz.de/10011099868
Purpose The purpose of this paper is to identify factors behind cyclical fluctuations and differences in adjustments to shocks in Greece, Italy, Portugal and Spain (GIPS) and a reference country – Germany. The authors try to answer the question whether the GIPS countries could have fared...
Persistent link: https://www.econbiz.de/10014784377
Persistent link: https://www.econbiz.de/10011742741