Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession

Olivier Blanchard, Florence Jaumotte () and Prakash Loungani

No 2013/002, IMF Staff Discussion Notes from International Monetary Fund

Abstract: This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in this light, the paper analyzes the IMF’s labor market recommendations since the beginning of the crisis, both in general, and more specifically in program countries

Keywords: SDN; unemployment insurance; private sector; wage deflation; public sector wage; Unemployment; labor market institutions; Great Recession; employment protection; natural rate of unemployment; wage distribution; Employment protection; Wages; Unemployment benefits; Unemployment rate; Europe (search for similar items in EconPapers)
Pages: 30
Date: 2013-03-29
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Citations: View citations in EconPapers (41)

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Journal Article: Labor market policies and IMF advice in advanced economies during the Great Recession (2014)
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