On the transmission of us uncertainty shocks to the European labor market

被引：0
|
作者：
de Souza, Michel C. [1 ]
机构：
[1] Fed Univ Jequitinhonha & Mucuri Valleys, Diamantina, Brazil
来源：
ECONOMICS BULLETIN | 2023年 / 43卷 / 04期
关键词：
POLICY; UNEMPLOYMENT; AREA;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the effects of a United States uncertainty shock on the European Union labor market by proposing a two-country Dynamic Stochastic General Equilibrium (DSGE) model with search and matching frictions and comparing the impulse response functions with data from twelve economies in a Bayesian Global Vector Autoregression (BGVAR) framework. Our results indicate that the Euro response is similar to a negative aggregate demand shock in the first eighteen months. However, afterward, the labor market frictions and trade intensity drive a stagflation process.
引用
收藏
页码：1666 / 1679
页数：14
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