Pissarides, Christopher A. 
ORCID: 0000-0002-0695-058X
(2013)
Unemployment in the great recession.
Economica, 80 (319).
pp. 385-403.
ISSN 0013-0427
Abstract
This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008-9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suffered from recession but no structural problems; the USA suffered from structural unemployment during the recovery; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is broken down into parts due to aggregate activity, the construction sector and a residual attributed to policies and institutions, which is used to reach conclusions about policy.
| Item Type: | Article |
|---|---|
| Official URL: | http://onlinelibrary.wiley.com/journal/10.1111/(IS... |
| Additional Information: | © 2013 The London School of Economics and Political Science. |
| Divisions: | Economics Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 17 Jul 2013 08:16 |
| Last Modified: | 15 Feb 2025 18:48 |
| URI: | http://eprints.lse.ac.uk/id/eprint/51124 |
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