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Labor Force Participation and Monetary Policy in the Wake of the Great Recession

Labor Force Participation and Monetary Policy in the Wake of the Great Recession »

Volume/Issue: 2013/245

Series: IMF Working Papers

Author(s): Christopher Erceg , and Andrew Levin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

DOI: http://dx.doi.org/10.5089/9781484301456.001

ISBN: 9781484301456

Keywords: monetary policy rules, labor force, employment, unemployment rate, Monetary Policy (Targets, Instruments, and Effects), Labor Force and Employment, Size, and Structure

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 mo...

Recent U.S. Labor Force Dynamics
			: Reversible or not?

Recent U.S. Labor Force Dynamics : Reversible or not? »

Volume/Issue: 2015/76

Series: IMF Working Papers

Author(s): Ravi Balakrishnan , Mai Dao , Juan Sole , and Jeremy Zook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2015

DOI: http://dx.doi.org/10.5089/9781484315620.001

ISBN: 9781484315620

Keywords: employment gap, macro-economic policy, labor, employment, labor force, labor market, Monetary Policy (Targets, Instruments, and Effects), Labor Force and Employment

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is...

Labor Force Participation and Monetary Policy in the Wake of the Great Recession

Labor Force Participation and Monetary Policy in the Wake of the Great Recession »

Source: Labor Force Participation and Monetary Policy in the Wake of the Great Recession

Volume/Issue: 2013/245

Series: IMF Working Papers

Author(s): Christopher Erceg , and Andrew Levin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

ISBN: 9781484301456

Keywords: monetary policy rules, labor force, employment, unemployment rate, Monetary Policy (Targets, Instruments, and Effects), Labor Force and Employment, Size, and Structure

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 mo...

Recent U.S. Labor Force Dynamics

Recent U.S. Labor Force Dynamics »

Source: Recent U.S. Labor Force Dynamics : Reversible or not?

Volume/Issue: 2015/76

Series: IMF Working Papers

Author(s): Ravi Balakrishnan , Mai Dao , Juan Sole , and Jeremy Zook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2015

ISBN: 9781484315620

Keywords: employment gap, macro-economic policy, labor, employment, labor force, labor market, Monetary Policy (Targets, Instruments, and Effects), Labor Force and Employment

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is...