أعرض تسجيلة المادة بشكل مبسط

dc.creator McCallum, Andrew
dc.creator Smets, Frank
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:09Z
dc.date.available 2013-10-16T06:57:09Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17872
dc.identifier ppn:535022018
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17872
dc.description We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to better identify common monetary policy shocks in the euro area and their effects on labour market outcomes. At the same time the FAVAR approach gives us estimates of how relative wages and employment in the various countries and sectors respond to these common shocks. The ultimate objective of our work is to relate the estimated cross-country differences in wage and employment responses to differences in labour market institutions and sectoral composition.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1360
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J3
dc.subject E4
dc.subject E3
dc.subject J6
dc.subject ddc:330
dc.subject VAR
dc.subject factor models
dc.subject rigidity
dc.subject labour market
dc.title Real wages and monetary policy transmission in the euro area
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط