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Document Type : Latin Dissertation
Language of Document : English
Record Number : 151650
Doc. No : ET23442
Main Entry : Alejandro Micco Aguayo
Title Proper : Oil Shocks, Output Composition and Labor Demand
Note : This document is digital این مدرک بصورت الکترونیکی می باشد
Abstract : Previous empirical works suggest that oil shocks have an important effect on eco-nomic activity. However. the extent of this relationship cannot be easily explained withtraditional one-sector macroeconomic models because oil makes up a small share of firms'costs. The first chapter of this thesis suggests that. beside its effect on aggregate marginalcost. oil price affects output composition and as a consequence, aggregate labor demand.in a way that has not been previously analyzed. The basic predictions of the model are con-sistent with the evidence for the US during the oil price hikes in the seventies and duringthe reduction of oil prices in the eighties. This study shows that changes in output compo-sition are as important as changes in aggregate marginal cost to explain the evolution of theaggregate labor demand during the seventies and eighties......-....,....-...,..tested for theQ1 PC1 bus cardBoth these projects mere sofixare des elopment efforts tonards contributing to dlfferentaspects of Roboucs and lZ1echatronics projects m the Controls and Roboucs Group..
Subject : Electericl tess
: برق
electronic file name : TL46681.pdf
Title and statement of responsibility and : Oil Shocks, Output Composition and Labor Demand [Thesis]
 
 
 
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