cam a22 2 b4500 530146606 CHVBK 20201027044701.0 m d cr |n |||||||| 130723e20110501dcu s|||| 0 |eng|d 978-1-4552-6041-6 1-4552-6041-X (Trade Paper) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001179044 (WaSeSS)ssj0001179044 BIP US WaSeSS Chen Jinzhu Author New Evidence on Cyclical and Structural Sources of Unemployment [Elektronische Daten] Washington International Monetary Fund May 2011 1 online resource Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation We provide cross-country evidence on the relative importance of cyclical and structural factors in explaining unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun's Law?), monetary and fiscal policies, and the uncertainty effects emphasized by Bloom (2009). Structural factors, which we measure using the dispersion of industry-level stock returns, account for the remaining 25 percent. for U.S. long-term unemployment the split between cyclical and structural factors is closer to 60-40, including during the Great Recession. Trehan Bharat Author Kannan Prakash Author http://elibrary.imf.org/view/IMF001/11807-9781455260416/11807-9781455260416/11807-9781455260416.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Chen Jinzhu Author IDSBB 700 1- Trehan Bharat Author IDSBB 700 1- Kannan Prakash Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/11807-9781455260416/11807-9781455260416/11807-9781455260416.xml Volltext frei zugänglich SWISSBIB 487905814