Monetary Shocks and the Persistence of the Unemployment Rate (notice n° 157582)
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|---|---|
| fixed length control field | 01467cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112031930.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Sidiropoulos, Moïse |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Monetary Shocks and the Persistence of the Unemployment Rate |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 14 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper sets out to find a shock propagation mechanism that could explain persistent unemployment rates in Germany. Our work is based on an “insider outsider” theoretical model, which constructs the dynamics that generate the unemployment rate and highlights the different economic shocks. We are especially interested in studying the effect of internal monetary shocks (domestic monetary policy shock) and external monetary shocks (shock due to an increase in the American interest rate) using the ARCH-M model. Our empirical findings show the extent of the effect of external shocks on the unemployment rate’s unconditional variance, which directly affects the unemployment rate in the mean equation. The crossed shock propagation mechanism, formalised by the ARCH-M model, explains the persistence of the unemployment rate by the persistence of volatility shocks, which are generated by external and internal shocks. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Trabelsi, Jamel |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 148 | 2 | 2001-04-01 | p. 41-47 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2001-2-page-41?lang=en">https://shs.cairn.info/journal-economie-et-prevision-1-2001-2-page-41?lang=en</a> |
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