Series: IMF Staff Position Notes
Author(s): Mai Dao , and Prakash Loungani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 November 2010
Keywords: Developed countries, Cross country analysis, Economic recession, Emerging markets, Fiscal consolidation, Recessions, Human capital, Fiscal policy, Monetary policy, Labor markets
Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at present resulting from the Great Recession of 2007-09. We assess the human cost of increased un...