Macroeconomic policy and unemployment by economic activity: evidence from Turkey

Date
2009
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Source Title
Emerging Markets Finance and Trade
Print ISSN
1540-496X
Electronic ISSN
1558-0938
Publisher
Routledge
Volume
45
Issue
3
Pages
21 - 34
Language
English
Type
Article
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Abstract

This paper investigates how various macroeconomic policy shocks in Turkey affect unemployment and provides evidence on the differential responses of unemployment in selected sectors of economic activity. Our paper extends previous work in two respects. First, we consider not only the response of total unemployment, but also the response of unemployment by selected sectors of economic activity. Second, we consider not only the effect of monetary policy shocks, but also the effects of several other macroeconomic shocks. The results indicate that unemployment in different sectors of economic activity responds differently to various macroeconomic policy shocks. © 2009 M.E. Sharpe, Inc. All rights reserved.

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Keywords
Macroeconomic policy shocks, Unemployment by economic activity
Citation
Published Version (Please cite this version)