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References for How does monetary policy affect labor demand and labor productivity?
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Further reading
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Key references
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Gali, J. Hysteresis and the
European Unemployment Problem Revisited. Paper
Presented at the ECB Forum on Central Banking, 2015. Key reference: [1]
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Ball, L. Hysteresis in
Unemployment: Old and New Evidence. NBER Working
Paper No.14818, 2009. Key reference: [2]
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Nickell, S., Nicolitsas, D. "How does financial
pressure affect firms?" European Economic
Review 43:8 (1999): 1435–1456. Key reference: [3]
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Fernandes, F., Kontonikas, A., Tsoukas, S. On the Real
Effects of Financial Pressure: Evidence from Euro Area
Firm-level Employment During the Recent Financial
Crisis. SIRE
Discussion Paper No.2014-028, 2014. Key reference: [4]
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Benito, A., Hernando, I. "Labour demand,
flexible contracts and financial factors: Firm-level evidence
from Spain." Oxford Bulletin of
Economics and Statistics 70:3 (2008): 283–301. Key reference: [5]
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Benito, A. "Financial
pressure, monetary policy effects and inventories: Firm-level
evidence from a market-based and a bank-based financial
system." Economica 72:286 (2005): 201–224. Key reference: [6]
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Benito, A., Young, G. "Financial pressure
and balance sheet adjustment by firms." Oxford Bulletin of
Economics and Statistics 69:5 (2007): 581–602. Key reference: [7]
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Disney, R., Haskel, J., Heden, Y. "Restructuring and
productivity in UK manufacturing." Economic
Journal 113:489 (2003): 666–694. Key reference: [8]
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Geroski, P., Gregg, P. Coping with
Recession: UK Company Performance in Adversity. Cambridge, UK: Cambridge University Press, 1997. Key reference: [9]
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Bertero, E., Rondi, L. "Financial pressure
and the behaviour of public enterprises under soft and hard
budget constraints: Evidence from Italian panel data." Journal of Public
Economics 75:1 (2000): 73–98. Key reference: [10]
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Caballero, R.
J., Hoshi, T., Kashyap, A. K. "Zombie lending and
depressed restructuring in Japan." American Economic
Review 98:5 (2008): 1943–1977. Key reference: [11]
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Ouyang, M. "The scarring
effect of recessions." Journal of
Monetary Economics 56:2 (2009): 184–199. Key reference: [12]
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Foster, L., Grim, C., Haltiwanger, J. Reallocation in
the Great Recession: Cleansing or Not? NBER Working
Paper, 2014. Key reference: [13]
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Gali, J. Hysteresis and the
European Unemployment Problem Revisited. Paper
Presented at the ECB Forum on Central Banking, 2015.