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Financial Shocks, Unemployment, and Public Policy

Author

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  • Driffill, John

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.

Suggested Citation

  • Driffill, John, 2013. "Financial Shocks, Unemployment, and Public Policy," CEPR Discussion Papers 9321, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:9321
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    Cited by:

    1. Beniamino Moro, 2013. "The Run On Repo and the Liquidity Shortage Problems of the Current Global Financial Crisis: Europe vs. The US," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 41-77, January.

    More about this item

    Keywords

    Dsge models; Financial shocks; Fiscal policy; Macroeconomics; Quantitative easing; Unemployment;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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