2024-03-29T01:43:46Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/1763782023-02-23T18:22:40Zcom_10234_201824com_10234_9com_10234_8643col_10234_201825col_10234_8644
Repositori UJI
author
Cuestas, Juan Carlos
author
Ordóñez, Javier
2018-09-28T11:38:19Z
2018-09-28T11:38:19Z
2018
CUESTAS, Juan Carlos; ORDÓÑEZ, Javier. Oil prices and unemployment in the UK before and after the crisis: A Bayesian VAR approach. A note. Physica A: Statistical Mechanics and its Applications, 2018, vol. 510, p. 200-207.
0378-4371
http://hdl.handle.net/10234/176378
https://doi.org/10.1016/j.physa.2018.06.114
The aim of this paper is to analyse the role of oil price movements in the
evolution of unemployment in the UK, accounting for asymmetric effects.
Distinguishing between positive and negative innovations in oil prices allows
us to provide policy insights. Estimating Bayesian SVARs, we find that the
relationship between oil prices and unemployment in the UK differs before and
after the beginning of the Great Recession. We also find that negative oil price
innovations have contributed positively to preventing further rises in
unemployment after the start of the crisis in 2008.
eng
oil prices
unemployment
asymmetries
Bayesian VAR
Oil prices and unemployment in the UK before and after the crisis: A Bayesian VAR approach. A note.
info:eu-repo/semantics/article
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