| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6431 |
| DP6431 Competing in Taxes and Investment under Fiscal Equalization | |
| Jean Hindriks; Susana Peralta; Shlomo Weber | |
| 发表日期 | 2007-08-17 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We use a 12-dimensional VAR to examine the dynamic effects on the labour market of four structural technology and policy shocks. For each shock, we examine the dynamic effects on the labour market, the importance of the shock for labour market volatility, and the comovement between labour market variables and other key aggregate variables in response to the shock. We document that labour market indicators display "hump-shaped" responses to the identified shocks. Technology shocks and monetary policy shocks are important for labour market volatility but the ranking of their importance is sensitive to the VAR specification. The conditional correlations at business cycle frequencies are similar in response to the four shocks apart from the correlations between hours worked, labour productivity and real wages. To account for the unconditional correlations between these variables, a mixture of shocks are required. |
| 主题 | International Macroeconomics |
| 关键词 | Beveridge curve Dunlop Dunlop-tarshis observation Labour market dynamics Neutral and investment specific technology shocks Structural var |
| URL | https://cepr.org/publications/dp6431 |
| 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/535269 |
| 推荐引用方式 GB/T 7714 | Jean Hindriks,Susana Peralta,Shlomo Weber. DP6431 Competing in Taxes and Investment under Fiscal Equalization. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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