| dc.contributor.author | TAGKALAKIS, Athanasios | |
| dc.date.accessioned | 2015-03-09T16:26:26Z | |
| dc.date.available | 2015-03-09T16:26:26Z | |
| dc.date.issued | 2006 | |
| dc.identifier.citation | International journal of finance and economics, 2006, Vol. 11, No. 3, pp. 229–244 | en |
| dc.identifier.issn | 1099-1158 | |
| dc.identifier.issn | 1076-9307 | |
| dc.identifier.uri | https://hdl.handle.net/1814/34986 | |
| dc.description.abstract | 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 adjustment along the intensive margin 1 year after the shock. A government spending shock leads to a fall in employment and hours, whereas real wages rise. This is attributed to the wage bill component of government consumption. | en |
| dc.language.iso | en | en |
| dc.relation.ispartof | International journal of finance and economics | en |
| dc.title | The effects of macroeconomic policy shocks on the UK labour market | en |
| dc.type | Article | en |
| dc.identifier.doi | 10.1002/ijfe.295 | |
| dc.identifier.volume | 11 | en |
| dc.identifier.startpage | 229 | en |
| dc.identifier.endpage | 244 | en |
| dc.identifier.issue | 3 | en |