Labor Force Participation and Monetary Policy in the Wake of the Great Recession /
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during "normal ti...
Main Author: | |
---|---|
Other Authors: | |
Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2013
|
Series: | IMF Working Papers; Working Paper ;
No. 2013/245 IMF eLibrary |
Subjects: |