The paper aims to analyze the monetary transmission model between the monetary policy and the labor market variable of unemployment.The results of the data show that,the external shocks have an important impact especi...The paper aims to analyze the monetary transmission model between the monetary policy and the labor market variable of unemployment.The results of the data show that,the external shocks have an important impact especially on the Romanian interest rates but also on the domestic production;however,the impact is not significant on unemployment,which proves the resilience of the domestic labor market.The central bank policy rate has a stabilizing effect on the unemployment rate in case of an increase in the euro area policy rate.展开更多
The promotion of employment should be highlighted as one of the key objectives of economic and social development.And the unemployment rate has a positive relation to technical progress,real wage and aggregate labor s...The promotion of employment should be highlighted as one of the key objectives of economic and social development.And the unemployment rate has a positive relation to technical progress,real wage and aggregate labor supply,but is negatively correlated with economic growth rate and capital input.Based on these results,some measures are suggested for dealing with the issues.展开更多
文摘The paper aims to analyze the monetary transmission model between the monetary policy and the labor market variable of unemployment.The results of the data show that,the external shocks have an important impact especially on the Romanian interest rates but also on the domestic production;however,the impact is not significant on unemployment,which proves the resilience of the domestic labor market.The central bank policy rate has a stabilizing effect on the unemployment rate in case of an increase in the euro area policy rate.
文摘The promotion of employment should be highlighted as one of the key objectives of economic and social development.And the unemployment rate has a positive relation to technical progress,real wage and aggregate labor supply,but is negatively correlated with economic growth rate and capital input.Based on these results,some measures are suggested for dealing with the issues.