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 thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during?normal times? (th...
Main Authors: | , , |
---|---|
Other Authors: | |
Format: | Book |
Language: | English |
Published: |
Washington :
International Monetary Fund,
2013
Washington, D. C 2013. Washington, D.C. : 2013 |
Series: | IMF Working Papers ;
Working Paper No. 13/245 IMF eLibrary IMF working paper ; WP/13/245 |
Subjects: |