Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence
---- Acknowledgements -----
This paper was prepared for the NBER International Seminar on Macroeconomics 2012. We are grateful to Matthias Hertweck, Alejandro Justiniano, Per Krusell, Fabrizio Perri, Stephanie Schmitt-Grohé, Karl Walentin, as well as participants at the ISOM and the Greater Stockholm Macro Group for comments, to Regis Barnichon and Francesco Zanetti for help with the data, and to Volker Lindenthal for excellent research assistance. The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Executive Board of Sveriges Riksbank or the National Bureau of Economic Research.