Government spending and unemployment in the OECD

dc.contributor.author	Juessen, Falko
dc.contributor.author	Linnemann, Ludger
dc.date.accessioned	2012-03-07T10:09:34Z
dc.date.available	2012-03-07T10:09:34Z
dc.date.issued	2012-03-07
dc.description.abstract	We use a panel VAR to assess the dynamic effects of government spending on unemployment rates in OECD countries. We first present Monte Carlo evidence that the Hahn and Kuersteiner (2002) estimator produces almost unbiased estimates of impulse responses in an annual macro panel VAR. In the application, we find that positive shocks to government spending identified either through a Cholesky decomposition or by sign restrictions tend to lower the unemployment rate in the short run, though signifi cance depends on identification assumptions.	en
dc.identifier.uri	http://hdl.handle.net/2003/29379
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-3291
dc.language.iso	en	de
dc.relation.ispartofseries	Discussion Paper / SFB 823 ; 08/2012	en
dc.subject	fiscal policy effects	en
dc.subject	panel vector autoregressions	en
dc.subject	sign restrictions	en
dc.subject	simulation	en
dc.subject	unemployment	en
dc.subject.ddc	310
dc.subject.ddc	330
dc.subject.ddc	620
dc.title	Government spending and unemployment in the OECD	en
dc.title.alternative	Evidence from an annual panel VAR	en
dc.type	Text	de
dc.type.publicationtype	workingPaper	de
dcterms.accessRights	open access

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