Series: IMF Working Papers
Author(s): Davide Furceri , Lorenzo E. Bernal-Verdugo , and Dominique Guillaume
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
Keywords: Labor market, flexibility, reforms, labor market institutions, labor market flexibility, labor market policies, Macroeconomics: Consumption, Saving, Production, Employment and Investment: Other
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium...