Macroeconomic Policy and Unemployment by Economic Activity: Evidence from Turkey

Date

2009-05-01

Author

BERUMENT, MAHMUT HAKAN
DOĞAN, NÜKHET
Tansel, Aysıt

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This paper investigates how various macroeconomic policy shocks in Turkey affect unemployment and provides evidence on the differential responses of unemployment in selected sectors of economic activity. Our paper extends previous work in two respects. First, we consider not only the response of total unemployment, but also the response of unemployment by selected sectors of economic activity. Second, we consider not only the effect of monetary policy shocks, but also the effects of several other macroeconomic shocks. The results indicate that unemployment in different sectors of economic activity responds differently to various macroeconomic policy shocks.

Subject Keywords

Macroeconomic policy shocks, Unemployment by economic activity

URI

https://hdl.handle.net/11511/32451

Collections

Graduate School of Social Sciences, Article