haku: @indexterm Economic shocks / yhteensä: 36
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Tekijä: | Balmaseda, M. Dolado, J.J. López-Salido, J.D. |
Otsikko: | The dynamic effects of shocks to labour markets: evidence from OECD countries |
Lehti: | Oxford Economic Papers
2000 : JAN, VOL. 52:1, p. 3-23 |
Asiasana: | Economic shocks Labour markets OECD |
Kieli: | eng |
Tiivistelmä: | This paper uses a set of plausible long-run identifying restrictions on a three-variable system, including output growth, real wage growth and the unemployment rate, to isolate three independent structural shocks which drive fluctuations in those variables in a sample of 16 OECD countries during 1950-96. These shocks are interpreted as aggregate demand, productivity and labour supply disturbances. |
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