| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9525 |
| DP9525 Structural or Cyclical? Unemployment in Latvia Since the 2008-09 Financial Crisis | |
| Konstantin Sonin | |
| 发表日期 | 2013-06-30 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | In terms of output decline and increase in unemployment, the economic recession in Latvia that started during the 2008-09 financial crisis was one of the most severe in the world. Using both decomposition of the unemployment rate into structural and cyclical components and Mortensen and Pissarides? search and matching approach, we demonstrate that the changes in unemployment should be attributed primarily to cyclical, rather than structural factors; as of 2013, a large share of Latvian unemployment is still cyclical. Our results provide important implications for anti-crisis policy in Latvia and elsewhere in the world: the surge in unemployment was largely a consequence of Latvia?s austerity policy. |
| 主题 | International Macroeconomics ; Labour Economics ; Public Economics |
| 关键词 | Cyclical unemployment Labour market matching Structural unemployment Beveridge curve |
| URL | https://cepr.org/publications/dp9525 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538361 |
| 推荐引用方式 GB/T 7714 | Konstantin Sonin. DP9525 Structural or Cyclical? Unemployment in Latvia Since the 2008-09 Financial Crisis. 2013. |
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