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Discussion Paper Details

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Title: Financial Shocks, Unemployment, and Public Policy

Author(s): John Driffill

Publication Date: January 2013

Keyword(s): DSGE models, financial shocks, fiscal policy, macroeconomics, quantitative easing and unemployment

Programme Area(s): International Macroeconomics

Abstract: This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle Research at the University of Manchester. It reviews key features of the 2007-08 financial crisis, the subsequent 'great recession' and the European public debt problems; in the light of these it discusses new avenues of research that have been opened up in response to recent events.

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Bibliographic Reference

Driffill, J. 2013. 'Financial Shocks, Unemployment, and Public Policy'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=9321