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首页> 外文期刊>Comparative Economic Research >Monetary Policy Transmission and the Labour Market in the Non?eurozone Visegrad Group Countries in 2000–2014. Evidence from a SVAR Analysis
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Monetary Policy Transmission and the Labour Market in the Non?eurozone Visegrad Group Countries in 2000–2014. Evidence from a SVAR Analysis

机译:2000-2014年非欧元区维谢格拉德集团国家的货币政策传导和劳动力市场。来自SVAR分析的证据

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This paper is aimed at filling the gap in existing economic research by delivering new evidence on the money?labour nexus in the emerging markets of the non?eurozone Visegrad group countries (i.e. Czech Republic, Hungary and Poland). Analyses are based on the Strucutral VAR (SVAR) models of the monetary transmission mechanism, estimated using monthly data from the 2000:1-2014:2 period. In order to obtain impulse responses, the short?run restrictions set, based on the monetary transmission theory, is imposed. Two different identification schemes are considered. The results confirm that there exists a nexus between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked lagged, hump?shaped reactions of output, employment and unemployment in each of the analysed countries.
机译:本文旨在通过提供有关非欧元区维谢格拉德集团国家(即捷克共和国,匈牙利和波兰)新兴市场货币与劳动关系的新证据来填补现有经济研究的空白。分析基于货币传输机制的结构VAR(SVAR)模型,使用2000:1-2014:2期间的每月数据进行估算。为了获得冲激响应,基于货币传导理论设定了短期限制集。考虑了两种不同的识别方案。结果证实货币政策,就业和失业之间存在联系。根据获得的估计,在每个被分析的国家,货币政策冲击引起产出,就业和失业的滞后,驼峰状反应。

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