Publication:
The Dynamic Effects of Shocks to Labour Markets: Evidence from OECD Countries

dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDolado, Juan José
dc.contributor.authorLópez-Salido, J. David
dc.contributor.authorBalmaseda, Manuel
dc.date.accessioned2009-02-03T13:55:15Z
dc.date.accessioned2010-02-08T16:37:03Z
dc.date.available2009-02-03T13:55:15Z
dc.date.available2010-02-08T16:37:03Z
dc.date.issued2000-01
dc.description.abstractThis 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. As a by-product of the previous analysis, the cyclical behaviour of real wages in response to a demand shock is re-examined and two indices of real wage rigidity are derived.
dc.description.statusPublicado
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationOxford Economic Papers, 2000, 52, 1, p. 2-23
dc.identifier.doi10.1093/oep/52.1.3
dc.identifier.issn1464-3812
dc.identifier.urihttps://hdl.handle.net/10016/3272
dc.language.isoeng
dc.relation.publisherversionhttp://oep.oxfordjournals.org/cgi/reprint/52/1/3
dc.relation.publisherversionhttp://dx.doi.org/10.1093/oep/52.1.3
dc.rights© Oxford University Press
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.titleThe Dynamic Effects of Shocks to Labour Markets: Evidence from OECD Countries
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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