| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2012 |
| DP2012 Language and the Earnings of Immigrants | |
| Christian Dustmann; Arthur van Soest | |
| 发表日期 | 1998-11-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper examines the question of which shock generates cyclical movements in output and inflation using an alternative approach. We find that in the G-7 countries output cycles are driven by different structural disturbances, that monetary disturbances play a significant role in at least four of the seven countries and that the dominant cause of output innovations within countries has changed after 1982. Inflation cycles are much more homogeneous across countries and are driven by a combination of supply and monetary disturbances. The disturbances we have identified explain large portions of output and inflation cycles, but are not a major cause of fluctuations in financial and money markets. The theoretical and policy implications of the findings are discussed. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Dynamic correlations Monetary models Structural shocks |
| URL | https://cepr.org/publications/dp2012 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531144 |
| 推荐引用方式 GB/T 7714 | Christian Dustmann,Arthur van Soest. DP2012 Language and the Earnings of Immigrants. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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