أعرض تسجيلة المادة بشكل مبسط

dc.creator Tervala, Juha
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:36Z
dc.date.available 2013-10-16T06:57:36Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17963
dc.identifier ppn:558408109
dc.identifier RePEc:zbw:ifwedp:6167
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17963
dc.description A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as follows. An improvement in technology appreciates the nominal exchange rate. Under producer-currency pricing, the exchange rate appreciation shifts global demand toward foreign goods away from domestic goods. This causes a temporary decline in domestic employment. If the expenditure-switching effect is sufficiently strong, a technology shock also has a negative effect on output in the short run.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Economics Discussion Papers / Institut für Weltwirtschaft 2007-40
dc.rights http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject F41
dc.subject E24
dc.subject E32
dc.subject ddc:330
dc.subject Open economy macroeconomics
dc.subject technology shocks
dc.subject employment
dc.subject Technischer Fortschritt
dc.subject Schock
dc.subject Beschäftigungseffekt
dc.subject Kleines-offenes-Land
dc.subject Theorie
dc.title Technology Shocks and Employment in Open Economies
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط