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The PIGS, does the Group Exist? An empirical macroeconomic analysis based on the Okun Law
Andrade, João Sousa - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2009
unemployment rate to an output shock on those economies (Portugal, Italy, Greece and Spain) with those of a benchmark economy – the … disequilibrium levels are much more favourable to USA, but we conclude also that in terms of unemployment we are not allowed to …
Persistent link: https://www.econbiz.de/10008528568
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Uma Aplicação da Lei de Okun em Portugal
Andrade, João Sousa - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2007
We know from experience that weak economic growth increases the unemployment rate. In 1962 Okun proposed to measure … potential output in terms of unemployment gap. From this relation a direct link between increase in unemployment and output …
Persistent link: https://www.econbiz.de/10005510372
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Does the Quality of Industrial Relations Matter for the Macro Economy? A Cross-Country Analysis Using Strikes Data
Addison, John T.; Teixeira, Paulino - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2006
indicator – and our macro performance outcome is the unemployment rate. Independent of the role of other institutions, good … industrial relations do seem to matter: greater strike volume is associated with higher unemployment. Holding country effects …
Persistent link: https://www.econbiz.de/10005670365
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Optimum Currency Areas, Real and Nominal Convergence in the European Union
Andrade, João Sousa; Duarte, António Portugal - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2015
It is well known and widely accepted by economists that the characteristics of the European countries that become the Eurozone in 1999 did not match the requirements of an Optimum Currency Area (OCA). The only criteria for membership of the new area were nominal. A strict level of convergence in...
Persistent link: https://www.econbiz.de/10011165243
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The Fundamentals of the Portuguese Crisis
Andrade, João Sousa; Duarte, Adelaide - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2011
reproduces inefficiency increasing unemployment of younger workers and the supply of human capital abroad funded by the …
Persistent link: https://www.econbiz.de/10009323005
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The Importance of a Good Indicator for Global Excess Demand
Andrade, João Sousa; Duarte, António Portugal - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012
information produced by different quasi-official output gaps is quite often misleading, contributing to a rise in the unemployment …
Persistent link: https://www.econbiz.de/10010585958