Unemployment and Primary Commodity Prices

The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.

Autorentext

ANNALISA CRISTINI attained the D.Phil. in Economics in 1990 at the University of Oxford where she was a member of Lincoln College and of the Institute of Economics and Statistics. Since 1990 she is a member of the Department of Economics at the University of Bergamo where she teaches Political Economy. She is interested in applied economics specially in topics regarding the labour market.

Inhalt
List of Tables List of Figures Foreword by Stephen Nickell Acknowledgements Introduction The Outline of the Theory Details of the Model Estimations and Simulations Conclusions References Data Appendix Index