Name: International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles (en Inglés)
Price: 26240.00 CLP
Availability: InStock
Author: Ohanian, Lee E. ; Raffo, Andrea ; United States Federal Reserve Board
ISBN: 9781288723744

portada International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles (en Inglés)

International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles (en Inglés)

Formato

Libro Físico

Autor

United States Federal Reserve Board

Lee E. Ohanian

Andrea Raffo

Editorial

Bibliogov

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

24.6 x 18.9 x 0.2 cm

Peso

0.10 kg.

ISBN13

9781288723744

Categorías

Política y gobierno

International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles (en Inglés)

United States Federal Reserve Board (Autor) · Lee E. Ohanian (Autor) · Andrea Raffo (Autor) · Bibliogov · Tapa Blanda

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Reseña del libro "International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles (en Inglés)"

We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzle in that labor wedges are small, while those in the U.S. Great Recession - and those in previous European recessions - are much larger.