NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries

Guillermo A. Calvo, Fabrizio Coricelli, Pablo Ottonello

NBER Working Paper No. 18480
Issued in October 2012

---- Acknowledgements -----

Previously circulated as "The Labor Market Consequences of Financial Crises With or Without Inflation: Jobless and Wageless Recoveries." We are grateful for very valuable comments to Stijn Claessens, Victor Elias, Gaston Gelos, Ernesto Talvi, the participants of XVI Conference of the Central Bank of Chile, IMF Jobs and Growth Seminar, LACEA-LAMES 2012 Annual Meetings held in Lima, Peru, and the 2013 CEPR European Summer Symposium in International Macroeconomics (ESSIM), held in Izmir, Turkey. We also thank Ambrogio Cesa-Bianchi, Luis Felipe Cespedes and Alessandro Rebucci for sharing their dataset on house prices. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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