The impact of supply shocks on unemployment in Spain

• Juan Carlos Cuestas ^[1]
  1. [1] Tallinn University of Technology

     Tallinn University of Technology

     Kesklinna linnaosa, Estonia

     
• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 5, Nº. 4, 2016 (Ejemplar dedicado a: Special Issue Selected papers from 2nd AMEF (May 2016)), págs. 107-112
• Idioma: inglés
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• Resumen

  • In this paper we aim to investigate how the relationships of falls and rises in the oil price with the unemployment rate and the equilibrium unemployment rate differ in the case of Spain. It is found that while oil price movements do not have an effect on unemployment, they do have a differential effect on the equilibrium rate of unemployment for our target country.