SHIFTS IN THE BEVERIDGE CURVE IN SPAIN AND THEIR MACROECONOMIC EFFECTS
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| Format: | Artículo científico |
| Language: | en |
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Universidad de Zaragoza
2017
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| _version_ | 1866815774457331712 |
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| author | JOSÉ E. BOSCÁ |
| author_facet | JOSÉ E. BOSCÁ |
| contents | SHIFTS IN THE BEVERIDGE CURVE IN SPAIN AND THEIR MACROECONOMIC EFFECTS JOSÉ E. BOSCÁ RAFAEL DOMÉNECH JAVIER FERRI JOSÉ R. GARCÍA Economía y Finanzas Vacancies Unemployment Beveridge curve In this article, we construct a homogeneous series of vacancies for the Spa - nish economy from 1980 to 2016, which enables us to perform an analysis of the effects of the economic cycle on the relationship between unemploy- ment and vacancies. The methodology proposes a link between the old se- ries of vacancies from the former INEM (National Employment Institute) and the new series from Eurostat. To that end, we use the information from the Short-Term Labour Survey. An analysis of this new homogeneous series shows that the Beveridge curve shifted between 2008 and 2009 due to the worse efficiency of the process of matching vacancies and unemployed workers. A simulation of the macroeconomic effects of this fall in efficiency in a general equilibrium model for Spain generates movements in GDP and em- ployment in the same direction as those actually observed in the crisis, albeit of lesser magnitude. The evidence offered shows that since 2014, the Beveridge curve has gradually been recovering its pre-crisis position, with a consequent decline in the unemployment rate. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96954075002 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.75 Vol.XXV |
| format | Artículo científico |
| id | redalyc_96954075002 |
| language | en |
| publishDate | 2017 |
| publisher | Universidad de Zaragoza |
| spellingShingle | SHIFTS IN THE BEVERIDGE CURVE IN SPAIN AND THEIR MACROECONOMIC EFFECTS JOSÉ E. BOSCÁ Economía y Finanzas Vacancies Unemployment Beveridge curve SHIFTS IN THE BEVERIDGE CURVE IN SPAIN AND THEIR MACROECONOMIC EFFECTS JOSÉ E. BOSCÁ RAFAEL DOMÉNECH JAVIER FERRI JOSÉ R. GARCÍA Economía y Finanzas Vacancies Unemployment Beveridge curve In this article, we construct a homogeneous series of vacancies for the Spa - nish economy from 1980 to 2016, which enables us to perform an analysis of the effects of the economic cycle on the relationship between unemploy- ment and vacancies. The methodology proposes a link between the old se- ries of vacancies from the former INEM (National Employment Institute) and the new series from Eurostat. To that end, we use the information from the Short-Term Labour Survey. An analysis of this new homogeneous series shows that the Beveridge curve shifted between 2008 and 2009 due to the worse efficiency of the process of matching vacancies and unemployed workers. A simulation of the macroeconomic effects of this fall in efficiency in a general equilibrium model for Spain generates movements in GDP and em- ployment in the same direction as those actually observed in the crisis, albeit of lesser magnitude. The evidence offered shows that since 2014, the Beveridge curve has gradually been recovering its pre-crisis position, with a consequent decline in the unemployment rate. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96954075002 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.75 Vol.XXV |
| title | SHIFTS IN THE BEVERIDGE CURVE IN SPAIN AND THEIR MACROECONOMIC EFFECTS |
| topic | Economía y Finanzas Vacancies Unemployment Beveridge curve |
| url | https://www.redalyc.org/articulo.oa?id=96954075002 |