In the 1970s, European unemployment started increasing. It increased further in the 1980s,
to reach a plateau in the 1990s. It is still high today, although the average unemployment …

The recent financial crisis and ensuing recession appear to have put the productive capacity
of the economy on a lower and shallower trajectory than the one that seemed to be in place …

Inequalities in the pandemic Page 1 SUMMARY This paper summarizes some of the major
inequalities that have been exacerbated by the COVID-19 pandemic and discusses avenues for …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

Rising profitability and market valuations of US businesses, sluggish wage growth and a
declining labor share of income, and reduced unemployment and inflation, have defined the …

We explore two issues triggered by the crisis. First, in most advanced countries, output
remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation …

Mammals exhibit marked interindividual variations in their gut microbiota, but it remains
unclear if this is primarily driven by host genetics or by extrinsic factors like dietary intake. To …

Traditionally, economic growth and business cycles have been treated independently.
However, the dependence of GDP levels on its history of shocks, what economists refer to as …

The global financial crisis has permanently lowered the path of GDP in all advanced
economies. At the same time, and in response to rising government debt levels, many of …

This paper uses US local areas as a laboratory to test for long-term impacts of the Great
Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage …