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Jobless recoveries during financial crises: is inflation the way out?

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dc.contributor.authorCalvo, Guillermo
dc.contributor.authorCoricelli, Fabrizio
dc.contributor.authorOttonello, Pablo
dc.date.accessioned2019-11-01T00:06:08Z
dc.date.available2026-10-15T08:00:50Z
dc.date.issued2014
dc.descriptionThe slow rate of employment growth relative to that of output is a sticking point in the recovery from the financial crisis episode that started in 2008 in the U.S. and Europe (a phenomenon labeled 'jobless recovery'). The issue is a particularly burning one in Europe where some observers claim that problem economies (like Greece Italy Ireland Spain and Portugal) would be better off abandoning the euro and gaining competitiveness through steep devaluation. This would be a momentous decision for Europe and the rest of the world because among other things it may set off an era of competitive devaluation and tariff war. Thus these topics require prompt attention.
dc.file.nameBCCh-sbc-v19-p331_381
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 331-381
dc.identifier.isbn978-956-7421-45-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3810
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 19
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectINFLACIÓNes_ES
dc.subjectCRISIS ECONÓMICA 2008es_ES
dc.subjectMERCADO LABORALes_ES
dc.titleJobless recoveries during financial crises: is inflation the way out?
dc.type.docArtículo

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