Julien Bengui
Biographic Data
| ID | 5806129 |
|---|---|
| NAME | Julien Bengui |
| GIVEN NAMES | Julien |
| FAMILY NAME | Bengui |
| SIGNATURE | BENGUI J |
| AFFILIATIONS | Bank of Canada, Canada & CEPR , UK |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2022 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 0 |
Slow Recoveries and Unemployment Traps
We analyse monetary policy in a model where temporary shocks can permanently scar the economy’s productive capacity. Workers lose skill while unemployed and are costly to retrain, generating multiple steady-state unemployment rates. Following a large shock, unless monetary policy acts aggressively and quickly enough to prevent a significant rise in unemployment, hiring falls to a point where the economy recovers slowly at best—at worst, it falls …
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Slow Recoveries and Unemployment Traps
We analyse monetary policy in a model where temporary shocks can permanently scar the economy’s productive capacity. Workers lose skill while unemployed and are costly to retrain, generating multiple steady-state unemployment rates. Following a large shock, unless monetary policy acts aggressively and quickly enough to prevent a significant rise in unemployment, hiring falls to a point where the economy recovers slowly at best—at worst, it falls …
Economic Policies and Impacts (1 work) · Economic theories and models (1 work) · Economics (1 work) · Full employment (1 work) · Great recession (1 work) · Hysteresis (1 work) · Keynesian economics (1 work) · Macroeconomics (1 work) · Monetary economics (1 work) · Monetary policy (1 work)