Comovement Between Self-Employment and Macroeconomic Variables

Labor Supply Heterogeneity and Macroeconomic Comovement

Standard real business cycle models must rely on total factor productivity (TFP) shocks to explain the observed comovement of consumption, investment, and hours worked. This paper shows that a neoclassical model consistent with observed heterogeneity in labor supply and consumption can generate comovement in the absence of TFP shocks. Intertemporal substitution of goods and leisure induces como...

Spillover Fluctuations between Inflation and Un(employment) Concerning Different Macroeconomic Sectors in Iran

The main objective of this study is to analyze spillover fluctuations between inflation fluctuation and (un)employment fluctuation in relation to agriculture, industry and services sectors of Iran. In line with this, PANEL in Mean-MGARCH model has been used concerning Iran’s agriculture, industry and services sectors over the period of time from spring 2002 to winter 2016. The results show that...

Causality and Cointegration Analysis between Macroeconomic Variables and the Bovespa

The aim of this study is to analyze the causality relationship among a set of macroeconomic variables, represented by the exchange rate, interest rate, inflation (CPI), industrial production index as a proxy for gross domestic product in relation to the index of the São Paulo Stock Exchange (Bovespa). The period of analysis corresponded to the months from January 1995 to December 2010, making a...

Employment Protection, Exit, and Macroeconomic Dynamics

The literature on employment protection has largely ignored the influence that such policies may have on macroeconomic dynamics. Also, the manner in which exit has been modelled heretofore may understate the effects of these policies. Finally, industrial subsidies to failing plants have largely been ignored as an important element of employment protection. To address these issues, I develop a g...

The Relationship Between Stock Market And Macroeconomic Variables: A Case Study For Iran