Oil price shocks and unemployment in Central and Eastern Europe

被引：27
|
作者：
Carlos Cuestas, Juan [1 ,2 ]
Gil-Alana, Luis A. [3 ]
机构：
[1] Eesti Pank, Res Unit, Econ & Res Dept, Estonia Pst 13, EE-15095 Tallinn, Estonia
[2] Tallinn Univ Technol, Dept Econ & Finance, Tallinn, Estonia
[3] Univ Navarra, ICS NCID, Dept Econ, Pamplona, Spain
来源：
ECONOMIC SYSTEMS | 2018年 / 42卷 / 01期
关键词：
Unemployment rates; Oil price shocks; Central and Eastern Europe; NONSTATIONARY HYPOTHESES; FRACTIONAL-INTEGRATION; INPUT PRICES; TIME-SERIES; JOB FLOWS; WORKER; MODEL; CONVERGENCE; COUNTRIES; TESTS;
D O I：
10.1016/j.ecosys.2017.05.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this paper is to examine the effect of oil price movements on unemployment in Central and Eastern Europe. We do this by disentangling oil prices movements by their sign and from there we analyse the separate effects of positive and negative movements of oil prices on unemployment rates, We find that, although oil prices and unemployment are not correlated very much in the short run, the effect of oil price shocks on the natural rate of unemployment goes in the same direction, so that increases or decreases in oil prices increase or decrease the natural rate of unemployment.
引用
收藏
页码：164 / 173
页数：10
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