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Stagflation, a simultaneous increase in inflation and unemployment, is generally thought to result from exogenous oil … shocks. In this paper, we investigate another potential source of stagflation focusing on tariffs. Relying on the estimation …
Persistent link: https://www.econbiz.de/10011895126
The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. In this paper, we examine the impacts of import tariff shocks on U.S. macroeconomic performance using quarterly data from 1989-2017. Relying upon the estimation of structural VAR model...
Persistent link: https://www.econbiz.de/10011910860
The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
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contemporary evidence of stagflation in developed countries. Being the residual sector, the informal sector inevitably moves in the …
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