أعرض تسجيلة المادة بشكل مبسط

dc.creator Alexius, Annika
dc.creator Holmlund, Bertil
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:35Z
dc.date.available 2013-10-16T06:57:35Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17957
dc.identifier ppn:558303749
dc.identifier RePEc:zbw:ifwedp:6161
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17957
dc.description A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of the fluctuations in unemployment are caused by shocks to monetary policy. The effects are also quite persistent. In the preferred model, almost 30 percent of the maximum effect of a shock still remains after ten years.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Economics Discussion Papers / Institut für Weltwirtschaft 2007-34
dc.rights http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject J60
dc.subject E24
dc.subject ddc:330
dc.subject Unemployment
dc.subject Monetary policy
dc.subject structural VARs
dc.subject Geldpolitik
dc.subject Schock
dc.subject Arbeitslosigkeit
dc.subject Hysteresis
dc.subject Schätzung
dc.subject Schweden
dc.title Monetary Policy and Swedish Unemployment Fluctuations
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط