Financial Shocks, Unemployment, and Public Policy

Edward Driffill ()

No 9321, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Dsge models; Financial shocks; Fiscal policy; Macroeconomics; Quantitative easing; Unemployment (search for similar items in EconPapers)
JEL-codes: E30 E44 E60 (search for similar items in EconPapers)
Date: 2013-01
New Economics Papers: this item is included in nep-dge and nep-mac
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Citations: View citations in EconPapers (1)

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