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framework. Contrary to conventional theory, the results show that unemployment granger causes economic growth in the long-run, a … the long run may not cause a decrease in the unemployment rate yet a decrease in the unemployment rate will lead to … increases in output growth. Secondly, these results further highlight the importance of labour market policies in improving …
Persistent link: https://www.econbiz.de/10011111741
lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. … between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked …
Persistent link: https://www.econbiz.de/10011877095
productivity growth and manufacturing output growth using least squares on a small postwar sample that included Japanese data … and Japan was removed from Kaldor's sample. This paper shows if output growth is independent of the random error term …
Persistent link: https://www.econbiz.de/10005769935
, focuses onthe impact on supply. We show that risk premium shocks reduce the output level thatmaximizes profit. They also lead … to unemployment surges, as firms are forced to cutcosts when financing becomes expensive or is no longer available. As a … result, allcountries with risk premium shocks saw unemployment surge, even as euro area corecountries managed to contain …
Persistent link: https://www.econbiz.de/10012889134
We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...
Persistent link: https://www.econbiz.de/10012829414
lagged, hump-shaped reactions of output, employment and unemployment in each of the analysed countries. … between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked …
Persistent link: https://www.econbiz.de/10011922465
unemployment might vary across race and gender groups. We find some variation in the relationship between output and unemployment …We estimate five VAR models and use generalized impulse response functions to examine the relationship between output … and unemployment at the regional level. Further, within regions we consider the degree to which the cyclical nature of …
Persistent link: https://www.econbiz.de/10004975664
as well as inflation and output the authors produce out-of-sample forecasts for 2000/2001. A comparison of these … significant beneficial employment effects of the policy mix. Other shifts were absent and thus cannot explain the outcome. Output …
Persistent link: https://www.econbiz.de/10003744522
successfully utilized for macroeconomic predictions. Specifically, we study unemployment rates and their interconnection with job …-related searches. We show that Google searches enhance nowcasting models of unemployment rates for the Czech Republic and Hungary …
Persistent link: https://www.econbiz.de/10010499586
then consider the joint impact of states' unemployment benefit programs and the federal CARES Act on national inequality …
Persistent link: https://www.econbiz.de/10012254047