A carregar...
Publicação
The great recession in Portugal and the portuguese financic crisis: a business cycle accounting approach
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.32 MB | Adobe PDF |
Orientador(es)
Resumo(s)
We apply a Business Cycle Accounting exercise to Portugal, during the Great Recession, and
during the Portuguese financial crisis. We conclude that the efficiency wedge, is the most
important to explain the movements of output, hours worked, and investment. The investment
wedge is the 2nd most important wedge when we consider the full sample. If we consider just
the period before Troika, the efficiency and labor wedges are the most important. The
efficiency and investment wedges are influenced by mostly the same factors while the labor
wedge reflects movements in total employment during this analyzed period.
Descrição
Palavras-chave
Economics Business cycle accounting Macroeconomics Wedges Capacity utilization Troika.