What explains high unemployment? The aggregate demand channel
收藏NBER2012-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17830
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资源简介：
A drop in aggregate demand driven by shocks to household balance sheets is responsible for a large fraction of the decline in U.S. employment from 2007 to 2009. The aggregate demand channel for unemployment predicts that employment losses in the non-tradable sector are higher in high leverage U.S.
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美国国家经济研究局创建时间：
2012-02-01
