Calvo, Guillermo, Coricelli, Fabrizio & Ottonello, Pablo.
Economic output in the US seems to have recovered since the Great Recession – but jobs have not. This ‘jobless recovery’ has led economists to argue that unemployment has reached a point where it can fall no further without further inflation. This column disagrees, suggesting the nature of the crisis affects the nature of the recovery.
Πηγή: Voxeu