Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174956
Authors: 
Katsimi, Margarita
Zoega, Gylfi
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper 6833
Abstract: 
We estimate the relationship between investment and unemployment in order to explore whether the medium-term relationship emphasized by Franco Modigliani survived the recent Great Recession. Our results indicate that the relationship held up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the period 2000-2015 is added to the 1960-2000 period.
Subjects: 
Modigliani puzzle
investment
unemployment
Great Recession
JEL: 
J10
E20
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.