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Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18013
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dc.creatorTervala, Juha-
dc.date2007-
dc.date.accessioned2013-10-16T06:57:56Z-
dc.date.available2013-10-16T06:57:56Z-
dc.date.issued2013-10-16-
dc.identifierEconomics: The Open-Access, Open-Assessment E-Journal 1 2007-15 1-27 doi:10.5018/economics-ejournal.ja.2007-15-
dc.identifierdoi:10.5018/economics-ejournal.ja.2007-15-
dc.identifierhttp://hdl.handle.net/10419/18013-
dc.identifierppn:55597555X-
dc.identifierhttp://www.economics-ejournal.org/economics/journalarticles/2007-15-
dc.identifierRePEc:zbw:ifweej:6812-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/18013-
dc.descriptionA growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as follows. An improvement in technology appreciates the nominal exchange rate. Under producer-currency pricing, the exchange rate appreciation shifts global demand toward foreign goods away from domestic goods. This causes a temporary decline in domestic employment. If the expenditure-switching effect is sufficiently strong, a technology shock also has a negative effect on output in the short run.-
dc.languageeng-
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relationeconomics - The Open-Access, Open-Assessment E-Journal 2007-15-
dc.rightshttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.subjectE24-
dc.subjectF41-
dc.subjectE32-
dc.subjectddc:330-
dc.subjectOpen economy macroeconomics-
dc.subjecttechnology shocks-
dc.subjectemployment-
dc.subjectTechnischer Fortschritt-
dc.subjectSchock-
dc.subjectMakroökonomischer Einfluss-
dc.subjectBeschäftigung-
dc.subjectGesamtwirtschaftliche Produktion-
dc.subjectOffene Volkswirtschaft-
dc.subjectZwei-Länder-Modell-
dc.subjectAllgemeines Gleichgewicht-
dc.subjectTheorie-
dc.titleTechnology Shocks and Employment in Open Economies-
dc.typedoc-type:article-
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