Credit markets and unemployment in the short run and in the long run

Etienne Wasmer; Philippe Weil

doi:10.1080/10168730100000001

Credit markets and unemployment in the short run and in the long run

Etienne Wasmer, Philippe Weil

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

This paper examines the short run and long run responses of unemployment to credit and labor market shocks in a world in which both credit and labor market frictions keep the economy away from full employment. We examine the respective contributions to equilibrium unemployement of stochastic credit market frictions and of credit conditions. We examine the contrasting effects of financial liberalization in the short run and in the long run.[E44].

Original language	English (US)
Pages (from-to)	1-19
Number of pages	19
Journal	International Economic Journal
Volume	15
Issue number	1
DOIs	https://doi.org/10.1080/10168730100000001
State	Published - Mar 2001

ASJC Scopus subject areas

General Economics, Econometrics and Finance

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10.1080/10168730100000001

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Credit markets and unemployment in the short run and in the long run

Abstract

ASJC Scopus subject areas

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