Demand-Driven Propagation : Evidence from the Great Recession

This paper provides empirical evidence for the Keynesian demand-driven propagation: initial rounds of job losses lead to additional rounds of job losses. The paper shows that U.S. counties with higher pre-existing exposure to tradable industries ex...

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Bibliographic Details
Main Author:	Nguyen, Hu
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	JOBS EMPLOYMENT MONETARY POLICY STORE MULTIPLIERS PRODUCTION FINANCING RETIREMENT MINIMUM WAGE INCOME SERVICE SECTOR INTEREST RATE LIQUIDITY EXPORTS ELASTICITY HEALTH CARE POLITICAL ECONOMY RECESSION JOB COMPANIES EFFECTS INCENTIVES HEALTH ECONOMIC POLICY LABOR ECONOMICS RISING UNEMPLOYMENT LOAN VARIABLES LABOR STATISTICS WEALTH JOB LOSSES BANK LENDING CHOICE LABOR MARKET KEYNESIAN ECONOMICS GOVERNMENT REGULATIONS UNEMPLOYED WORKERS WAGE ADJUSTMENT WORKER UNEMPLOYED JOB LOSS DEBT MARKETS HOUSEHOLD INCOME LABOR MARKET OUTCOME ORGANIZATIONS BUSINESS CYCLE LABOR TOTAL EMPLOYMENT FINANCE STORES TAXES AGGREGATE DEMAND EFFECTS UNEMPLOYMENT CONSUMPTION FIRMS WORKERS WAGES POLICIES LOCAL LABOR MARKETS UNEMPLOYMENT RATE WAGE RIGIDITY LABOR DEMAND HIGH EMPLOYMENT CARE CREDIT MACROECONOMICS ECONOMIC SECTORS PURCHASING POWER DEMAND NOMINAL WAGES AGGREGATE DEMAND CONSUMERS ENTERPRISE EMPLOYMENT GROWTH DOWNWARD BIAS MARKET BENCHMARK ECONOMICS SERVICE INDUSTRY MACROECONOMIC EFFECTS MANUFACTURING INDUSTRIES GOODS THEORY INVESTMENT POVERTY CRISES SUPPLY INNOVATION POPULATION LABOR SUPPLY BORROWING LENDING LOCAL LABOR MARKET ECONOMIC HISTORY FULL EMPLOYMENT LABOR MARKETS SEE LABOR SHARE PRICES LABOR REALLOCATION DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25202680/demand-driven-propagation-evidence-great-recession http://hdl.handle.net/10986/22869

Internet

http://documents.worldbank.org/curated/en/2015/10/25202680/demand-driven-propagation-evidence-great-recession
http://hdl.handle.net/10986/22869

Demand-Driven Propagation : Evidence from the Great Recession

Internet

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