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Macroeconomic Policy and Unemployment by Economic Activity: Evidence from Turkey
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Date
2009-05-01
Author
BERUMENT, MAHMUT HAKAN
DOĞAN, NÜKHET
Tansel, Aysıt
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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
Journal
EMERGING MARKETS FINANCE AND TRADE
DOI
https://doi.org/10.2753/ree1540-496x450302
Collections
Graduate School of Social Sciences, Article