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Effects of the Southward extension on the EC—Labour market

✍ Scribed by Elmar Hönekopp; Heinz Werner

Book ID
112939017
Publisher
Springer-Verlag
Year
1979
Tongue
English
Weight
421 KB
Volume
14
Category
Article
ISSN
0020-5346

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This paper discusses the dynamic response of employment, average hours, and real wages to macroeconomic policy shocks in the UK in the period 1970 Q1-2003 Q1. Following a monetary policy shock the adjustment of labour input is primarily along the extensive margin. However, there is also significant