The relation between unemployment and interest rate:
نویسندگان
چکیده
منابع مشابه
Memoranda The Relation Between Unemployment and Interest Rate : Some international evidence
In Bierens (1987) a Granger causal relation was found between unemployment and the interest rate for the Netherlands. In the present paper we will investigate whether there exists a simüar Granger causal relation between unemployment and interest rate for a number of other countries. It appears that, with our ARMAX modeling approach, this relationship is not confined to the Netherlands, but als...
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In Bierens (1987) a Granger causal relation was found between unemployment and the interest rate for the Netherlands. This phenomenon could be explained by the revenue maximization theory of Baumol (1959) augmented with a flexïble labour effort rate. This implies that fixed costs are important in determining the employment decisions of firms. In the present paper we will investigate whether the...
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Abstract. According to a rule known as the Okan Law, for one percent decrease (increase) in the unemployment rate, the economic growth rate will increase (decrease) by approximately 0.3 percent. In other words, there is a negative relationship between the unemployment rate and the economic growth rate. This study examines the establishment of this relationship. Contrary to expectations, the rel...
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ژورنال
عنوان ژورنال: Econometric Reviews
سال: 1993
ISSN: 0747-4938
DOI: 10.1080/07474939308800262