Consumption, Saving, Investment, and Unemployment. SVAR Tests of the Effects of Changes in the Consumption-Saving Pattern

Preprint OPEN
Roberto Bande Ramudo; Manuel Fernández Grela; Mª Dolores Riveiro García;
(2011)

In this paper we aim to provide information about the transmission mechanism at work between investment and unemployment by looking at the consumption-saving pattern as a determinant of investment behaviour. Our starting hypothesis is that permanent shifts in the consum... View more
  • References (36)
    36 references, page 1 of 4

    Abel, A.B. (1982): Dynamic effects of permanent and temporary tax policies in a q model of investment. Journal of Monetary Economics, 9(3), pp. 353-373.

    Arestis, P. Baddeley. M. an M. Sawyer (2007): The relationship between capital stock, unemployment and wages in nine EMU countries. Bulletin of Economic Research, 59(2), pp. 125-148.

    Arestis, P., and Biefang-Frisancho Mariscal, I. (1998): Capital Shortages and Asymmetries in UK unemployment. Structural Change and Economic Dynamics, 9, 189-204

    Bande, R. and M. Karanassou (2009): Labour Market Flexibility and Regional Unemployment Rate Dynamics: Spain 1980-1995. Papers in Regional Science, 88(1), pp.181-207.

    Blanchard, O.J. (2000). The Economics of Unemployment: Shocks, Institution and Interactions. Lionel Robbins Lectures.

    Breitung. J, Brüggemann, R. and H. Lütkephol (2004): Structural Vector Autoregressive Modeling, in Lütkepohl, H. and M. Krätzig (Eds.). Applied Time Series Econometrics.

    Cambridge University Press, Cambridge. pp. 159-196.

    Hall, R.E. (1978): Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence Journal of Political Economy, 86(6), pp. 971-987.

    10. Hayashi, F. (1982): Tobin's marginal q and average q: A neoclassical interpretation. Econometrica, 50(1), pp. 213-224.

    11. Hertbertson, T. and G. Zoega (2002):The Modigliani Puzzle. Economics Letters, vol. 76(3), pp. 437-442.

  • Metrics
Share - Bookmark