negative shocks, while the impact on Hispanics’ wages is unclear. A theory of job search suggests two opposite …

of 2003:01-2010:08 by using VAR (vector autoregressive models), impulse-response analysis and forecast error variance … decomposition. The results indicate that contractionary monetary policy shock, which led to increased external finance premium …, negatively affected the manufacturing sector and decreased total output. In other words, the monetary shock negatively affected …