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Macroeconomic Policy and Unemployment by Economic Activity: Evidence from Turkey

  • M. Hakan Berument
  • Nukhet Dogan
  • Aysit Tansel

This paper investigates how various macroeconomic policy shocks in Turkey affect unemployment and provides evidence on the differential responses of unemployment in selected sectors of economic activity. Our paper extends previous work in two respects. First, we consider not only the response of total unemployment, but also the response of unemployment by selected sectors of economic activity. Second, we consider not only the effect of monetary policy shocks, but also the effects of several other macroeconomic shocks. The results indicate that unemployment in different sectors of economic activity responds differently to various macroeconomic policy shocks.

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Article provided by M.E. Sharpe, Inc. in its journal Emerging Markets Finance and Trade.

Volume (Year): 45 (2009)
Issue (Month): 3 (May)
Pages: 21-34

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Handle: RePEc:mes:emfitr:v:45:y:2009:i:3:p:21-34
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