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Showing 1 to 2 of 2 for “"jobless recoveries"”.
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Essays on the Changing Nature of Business Cycle Fluctuations: A State-Level Study of Jobless Recoveries and the Great Moderation
… loss. These periods have come to be known as "jobless recoveries". Several competing explanations for this phenomenon have come forth, however, all face similar limitations. To date, there has been no method presented to quantify a period of jobless recovery. This makes comparisons across …
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Essays on Nonlinearities and Structural Breaks in the Relationships between Macroeconomic Variables
… focusing on the structural changes that led to jobless recoveries in following the past three recessions, the asymmetric effects of fiscal stimulus over the business cycle, and the asymmetric effects of fiscal cuts and stimulus respectively. In the first chapter, I examine the three leading …