The Impact of Monetary and Fiscal Policies on Employment Fluctuations with an Emphasis on Private Sector Employment
Author(s):
Abstract:
Monetary and fiscal policies are considered of high significance in the economic stabilization policies that are utilized to manage the demand side, but economic experts do not agree upon this policy and its results. This is worthwhile to mention that the source issues in the agreement or disagreement with this policy are the differences of opinions about the effects of this policy on the economy. This study attempts to investigate the effects of monetary and fiscal policies on the labor market fluctuations via the adjustment to the new Keynesian dynamic stochastic general equilibrium model in Iranian economy. After estimating the model using Bayesian approach, the model was simulated. The results of variance decomposition show that government employment was the largest role in explaining the fluctuations in unemployment and monetary shocks play the most important role in private sector employment. Impulser response functions also show that monetary shock, government employment shock and oil revenues shock reduce the total unemployment
Keywords:
Language:
Persian
Published:
Journal of Economic Growth and Development Research, Volume:7 Issue: 26, 2017
Pages:
125 to 124
magiran.com/p1662635
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!