Name: International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles
Price: 26.76 EUR
Availability: InStock
Author: Ohanian, Lee E. ; Raffo, Andrea ; United States Federal Reserve Board
ISBN: 9781288723744

portada International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

Type

Physical Book

Author

United States Federal Reserve Board

Lee E. Ohanian

Andrea Raffo

Publisher

Bibliogov

Language

English

Pages

Format

Paperback

Dimensions

24.6 x 18.9 x 0.2 cm

Weight

0.10 kg.

ISBN13

9781288723744

Synopsis "International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles"

We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzle in that labor wedges are small, while those in the U.S. Great Recession - and those in previous European recessions - are much larger.

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International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles - Ohanian, Lee E. ; Raffo, Andrea ; United States Federal Reserve Board

Synopsis "International Finance Discussion Papers: Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles"

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