کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5056070 1371513 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Permanent disinflationary effects on unemployment in a small open economy: Italy 1979-1995
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Permanent disinflationary effects on unemployment in a small open economy: Italy 1979-1995
چکیده انگلیسی

The aim of this paper is to investigate the effects on the rate of unemployment of the disinflationary policies and other aggregate demand shocks which affected the Italian economy during the period 1979-1995. To this end, a structural cointegrated VAR model is built and the structural disturbances are recovered by imposing a set of short-run, contemporary restrictions. The results show that both short-run and long-run movements in unemployment are influenced by disturbances to aggregate demand, as well as by supply shocks. This evidence seems to be at odds with the predictions of “natural-rate” theories.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 24, Issue 1, January 2007, Pages 66-81
نویسندگان
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