The impact of supply shocks on unemployment in Spain
In this paper we aim to investigate how the relationships of falls and rises in the oil price with the unemployment rate and the equilibrium unemployment rate differ in the case of Spain. It is found that while oil price movements do not have an effect on unemployment, they do have a differential effect on the equilibrium rate of unemployment for our target country.
Volume (Year): 5 (2016)
Issue (Month): 4 ()
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- Guglielmo Maria Caporale & Luis Gil-Alana, 2002.
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- Luis Gil-Alana, 2003. "Unemployment and real oil prices in Australia: a fractionally cointegrated approach," Applied Economics Letters, Taylor & Francis Journals, vol. 10(4), pages 201-204. Full references (including those not matched with items on IDEAS)
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