haku: @indexterm structural analysis / yhteensä: 146
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Tekijä: | Ravn, M.O. Simonelli, S. |
Otsikko: | Labor market dynamics and the business cycle: Structural evidence for the United States |
Lehti: | Scandinavian Journal of Economics
2007 : VOL. 109:4, p. 743-777 |
Asiasana: | labour markets volatility business cycles structural analysis models USA |
Kieli: | eng |
Tiivistelmä: | In this study, a 12-dimensional VAR is used to examine the aggregate effects of two structural technology shocks (here as: t-shs.) and two policy shocks (as: p-shs). For each shock, examined are the dynamic effects on the labour market (here as: l-m.), the importance of the shock for l-m. volatility, and the comovement btw. l-m. variables etc. It is found among others that l-m. indicators display "hump-shaped" responses to the identified shocks. T-shs. and monetary p-shs. are important for l-m. volatility but the ranking of their importance is sensitive to the VAR specification etc. |
SCIMA