haku: @indexterm Economic shocks / yhteensä: 36
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Tekijä: | Blanchard, O. Wolfers, J. |
Otsikko: | The role of shocks and institutions in the rise of European unemployment: the aggregate evidence |
Lehti: | Economic Journal
2000 : MAR, VOL. 110:462, p. C1-C33 |
Asiasana: | Economic shocks Institutions Unemployment |
Kieli: | eng |
Tiivistelmä: | Two key factors about European unemployment must be explained: the rise in unemployment since the 1960s, and the heterogeneity of individual country experiences. Based on a panel of institutions and shocks for 20 OECD nations since 1960 the authors find that the interaction between shocks and institutions is crucial to explaining both stylised facts. |
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