The Modigliani puzzle revisited : a note

Margarita Katsimi, Gylfi Zoega

We estimate the relationship between investment and unemployment in order to explore whether the medium-term relationship emphasized by Franco Modigliani survived the recent Great Recession. Our results indicate that the relationship held up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the period 2000-2015 is added to the 1960-2000 period.

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Year of publication:	December 2017
Authors:	Katsimē, Margarita ; Gylfi Zoega
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	Modigliani puzzle \| investment \| unemployment \| Great Recession \| Arbeitslosigkeit \| Unemployment \| Investition \| Investment \| OECD-Staaten \| OECD countries \| Weltwirtschaftskrise \| Global economic crisis \| Konjunktur \| Business cycle

Extent:	1 Online-Ressource (circa 11 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 6833
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/174956 [Handle]
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; J10 - Demographic Economics. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011782019