𝔖 Bobbio Scriptorium
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On the theory of macroeconomic policy

✍ Scribed by James Tobin


Book ID
105287075
Publisher
Springer
Year
1990
Tongue
English
Weight
803 KB
Volume
138
Category
Article
ISSN
0013-063X

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The effects of macroeconomic policy shoc
✍ Athanasios Tagkalakis πŸ“‚ Article πŸ“… 2006 πŸ› John Wiley and Sons 🌐 English βš– 234 KB πŸ‘ 1 views

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