Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and comp...
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
|
Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 36
|
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a "wait-and-see" mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1498356303 9781498356305 |
Internformat
MARC
LEADER | 00000nmm a2200000 cb4500 | ||
---|---|---|---|
001 | BV048355450 | ||
003 | DE-604 | ||
005 | 00000000000000.0 | ||
007 | cr|uuu---uuuuu | ||
008 | 220713s2015 |||| o||u| ||||||eng d | ||
020 | |a 1498356303 |c 18.00 USD |9 1-498-35630-3 | ||
020 | |a 9781498356305 |c 18.00 USD |9 978-1-498-35630-5 | ||
035 | |a (ZDB-1-IMF)845957953 | ||
035 | |a (OCoLC)1337139884 | ||
035 | |a (DE-599)BVBBV048355450 | ||
040 | |a DE-604 |b ger | ||
041 | 0 | |a eng | |
049 | |a DE-20 |a DE-824 |a DE-70 |a DE-155 |a DE-29 |a DE-22 |a DE-473 |a DE-1102 |a DE-703 |a DE-859 |a DE-706 |a DE-384 |a DE-860 |a DE-19 |a DE-739 |a DE-355 |a DE-Aug4 |a DE-1049 |a DE-12 |a DE-91 | ||
100 | 1 | |a Choi, Sangyup |e Verfasser |4 aut | |
245 | 1 | 0 | |a Uncertainty and Unemployment |b The Effects of Aggregate and Sectoral Channels |c Choi, Sangyup |
264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2015 | |
300 | |a 1 Online-Ressource (26 p) | ||
336 | |b txt |2 rdacontent | ||
337 | |b c |2 rdamedia | ||
338 | |b cr |2 rdacarrier | ||
490 | 0 | |a IMF Working Papers: Working Paper No. 15 / 36 | |
520 | 3 | |a We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a "wait-and-see" mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors | |
533 | |a Online-Ausg | ||
700 | 1 | |a Loungani, Prakash |e Sonstige |4 oth | |
856 | 4 | 0 | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
912 | |a ZDB-1-IMF | ||
999 | |a oai:aleph.bib-bvb.de:BVB01-033734718 | ||
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBW01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UEI01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l LCO01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l SBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UER01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l SBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l FAN01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBT01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l FKE01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBY01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l FLA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UPA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l UBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l FHA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l FNU01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l BSB01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
966 | e | |u http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |l TUM01 |p ZDB-1-IMF |x Verlag |3 Volltext |
Datensatz im Suchindex
_version_ | 1804184213916745728 |
---|---|
adam_txt | |
any_adam_object | |
any_adam_object_boolean | |
author | Choi, Sangyup |
author_facet | Choi, Sangyup |
author_role | aut |
author_sort | Choi, Sangyup |
author_variant | s c sc |
building | Verbundindex |
bvnumber | BV048355450 |
collection | ZDB-1-IMF |
ctrlnum | (ZDB-1-IMF)845957953 (OCoLC)1337139884 (DE-599)BVBBV048355450 |
format | Electronic eBook |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05376nmm a2200589 cb4500</leader><controlfield tag="001">BV048355450</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220713s2015 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1498356303</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">1-498-35630-3</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781498356305</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">978-1-498-35630-5</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)845957953</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337139884</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048355450</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Choi, Sangyup</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Uncertainty and Unemployment</subfield><subfield code="b">The Effects of Aggregate and Sectoral Channels</subfield><subfield code="c">Choi, Sangyup</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">2015</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (26 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers: Working Paper No. 15 / 36</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a "wait-and-see" mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Loungani, Prakash</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033734718</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
id | DE-604.BV048355450 |
illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:36Z |
indexdate | 2024-07-10T09:35:46Z |
institution | BVB |
isbn | 1498356303 9781498356305 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033734718 |
oclc_num | 1337139884 |
open_access_boolean | |
owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
physical | 1 Online-Ressource (26 p) |
psigel | ZDB-1-IMF |
publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Working Papers: Working Paper No. 15 / 36 |
spelling | Choi, Sangyup Verfasser aut Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels Choi, Sangyup Washington, D.C International Monetary Fund 2015 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 36 We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a "wait-and-see" mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors Online-Ausg Loungani, Prakash Sonstige oth http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Choi, Sangyup Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels |
title | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels |
title_auth | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels |
title_exact_search | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels |
title_exact_search_txtP | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels |
title_full | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels Choi, Sangyup |
title_fullStr | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels Choi, Sangyup |
title_full_unstemmed | Uncertainty and Unemployment The Effects of Aggregate and Sectoral Channels Choi, Sangyup |
title_short | Uncertainty and Unemployment |
title_sort | uncertainty and unemployment the effects of aggregate and sectoral channels |
title_sub | The Effects of Aggregate and Sectoral Channels |
url | http://www.elibrary.imf.org/view/IMF001/22370-9781498356305/22370-9781498356305/22370-9781498356305.xml |
work_keys_str_mv | AT choisangyup uncertaintyandunemploymenttheeffectsofaggregateandsectoralchannels AT lounganiprakash uncertaintyandunemploymenttheeffectsofaggregateandsectoralchannels |