Unemployment and Primary Commodity Prices

Theory and Evidence in a Global Perspective

Paperback Engels 1999 9781349149742
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.

Specificaties

ISBN13:9781349149742
Taal:Engels
Bindwijze:paperback
Uitgever:Palgrave Macmillan UK

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Inhoudsopgave

List of Tables List of Figures Foreword by Stephen Nickell Acknowledgements Introduction The Outline of the Theory Details of the Model Estimations and Simulations Conclusions References Data Appendix Index

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        Unemployment and Primary Commodity Prices