The impact of supply shocks on unemployment in Spain
DOI:
https://doi.org/10.17811/ebl.5.4.2016.107-112Abstract
In this paper we aim to investigate how the relationships of falls and rises in the oil price with the unemployment rate and the equilibrium unemployment rate differ in the case of Spain. It is found that while oil price movements do not have an effect on unemployment, they do have a differential effect on the equilibrium rate of unemployment for our target country.
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