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Direct linkCho, Dongchul; Shin, Sukha – Journal of Policy Analysis and Management, 2012
All of the authors seem to share the perception that one can no longer expect much from macroeconomic policies. The authors of this paper share this opinion, but this should not be interpreted as the skeptical view that macroeconomic policies are ineffective on employment. They saw from the Korea's two crises how contrasting outcomes could result…
Descriptors: Foreign Countries, Labor Market, Unemployment, Macroeconomics
