Not a jobless recovery, just a slow one
We compare the current recovery in the New Zealand economy with the recoveries from the previous two recessions, focusing on the developments in the labour market. By way of comparison, we contrast the New Zealand situation with that of the United States, during its current and previous two recessions.
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- Jordi Galí & Frank Smets & Rafael Wouters, 2012.
"Slow recoveries: A structural interpretation,"
Economics Working Papers
1317, Department of Economics and Business, Universitat Pompeu Fabra.
- Galí, Jordi & Smets, Frank & Wouters, Rafael, 2012. "Slow Recoveries: A Structural Interpretation," CEPR Discussion Papers 8978, C.E.P.R. Discussion Papers.
- Jordi Galí & Frank Smets & Rafael Wouters, 2012. "Slow Recoveries: A Structural Interpretation," NBER Working Papers 18085, National Bureau of Economic Research, Inc.
- Jordi Galí & Frank Smets & Rafael Wouters, 2012. "Slow Recoveries: A Structural Interpretation," Working Papers 630, Barcelona Graduate School of Economics.
- Michael Reddell & Cath, Sleeman, 2008. "Some perspectives on past recessions," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, June.
- Stacey L. Schreft & Aarti Singh, 2003. "A closer look at jobless recoveries," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 45-73.
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