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34 p, 631.7 KB Do labor market institutions matter for business cycles? / Gnocchi, Stefano (Bank of Canada) ; Lagerborg, Andresa (European University Institute (Itàlia)) ; Pappa, Evi (Universitat Autònoma de Barcelona)
Using panel data of 19 OECD countries observed over 40 years and data on specific labor market reform episodes we conclude that labor market institutions matter for business cycle fluctuations. Spearman partial rank correlations reveal that more flexible institutions are associated with lower business cycle volatility. [...]
2015 - 10.1016/j.jedc.2014.10.005
Journal of economic dynamics & control, Vol. 51 (2015) , p. 299-317  

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