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This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …/cointegration techniques which allow for the possibility that unemployment is highly persistent. In line with other studies, we find that all … equilibrium model with highly persistent shocks might be adequate to account for the observed behaviour of unemployment …
Persistent link: https://www.econbiz.de/10009614880
This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …
Persistent link: https://www.econbiz.de/10009582384
proposed in this article for modelling the U.K. unemployment. This enables us a better understanding of the low … fractional integration, may be a feasible way of modelling unemployment, also showing that its order of integration is much … erroneous results. -- long memory ; unemployment ; fractional integration …
Persistent link: https://www.econbiz.de/10009611544
The authors develop and test a model to study the influence of inventory-on-hand and price-based reference points on the consumption rate of consumers. The model is motivated by recent theoretical and empirical research which suggests inventory pressure can cause consumers to increase...
Persistent link: https://www.econbiz.de/10009615422
Persistent link: https://www.econbiz.de/10001917057
exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …
Persistent link: https://www.econbiz.de/10009574885
same employer. For some temporary employment leads to unemployment, particularly those with low human capital. Positioning …-tier labour market for temporary employment in Germany. -- mobility ; unemployment ; Fixed-term contracts ; dynamic wages …
Persistent link: https://www.econbiz.de/10009627289
jobs in rough times separate analyses are carried out those who have entered the job directly from unemployment or non …
Persistent link: https://www.econbiz.de/10009580458
This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equililbriurn model econorny. Matching between workers and vacancies with endogenous search intensity, Nash-bargained wages, payroll taxation, and...
Persistent link: https://www.econbiz.de/10009580466
In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM …, productivity and unemployment which is interpreted as a wage setting relation. From a Subset VECM we identify meaningful structural … shocks and assess their importance for unemployment by impulse response analysis and forecast error variance decompositions …
Persistent link: https://www.econbiz.de/10009613616