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Efeitos dos choques fiscais sobre o mercado de trabalho brasileiro

Author

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  • Carvalho, Diogo Baerlocher
  • Silva, Marcelo Eduardo Alves da
  • Silva, Igor Ézio Maciel

Abstract

This paper aims to understand what are the effects of fiscal shocks on the Brazilian labor market. In particular, we use a SVAR approach to analyze these effects on employment and real wages. Fiscal shocks are identified through the imposition of pure sign restrictions on the dynamic relationships between government spending, real product and labor supply. The restrictions are obtained from an estimated DSGE model in the New Neoclassical Synthesis tradition. Our results from estimated impulse response functions show that following a fiscal shock, both employment and real wages increase.

Suggested Citation

  • Carvalho, Diogo Baerlocher & Silva, Marcelo Eduardo Alves da & Silva, Igor Ézio Maciel, 2013. "Efeitos dos choques fiscais sobre o mercado de trabalho brasileiro," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(2), June.
    • Handle: RePEc:fgv:epgrbe:v:67:y:2013:i:2:a:3890
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