The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.

Keywords

Authors and Affiliations

University of Bergamo, Italy

Annalisa Cristini

About the author

ANNALISA CRISTINI attained the D.Phil. in Economics in 1990 at the University of Oxford where she was a member of Lincoln College and of the Institute of Economics and Statistics. Since 1990 she is a member of the Department of Economics at the University of Bergamo where she teaches Political Economy. She is interested in applied economics specially in topics regarding the labour market.

Bibliographic Information

Book Title: Unemployment and Primary Commodity Prices
Book Subtitle: Theory and Evidence in a Global Perspective
Authors: Annalisa Cristini
DOI: https://doi.org/10.1007/978-1-349-14972-8
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Softcover ISBN: 978-1-349-14974-2Published: 01 January 1999
eBook ISBN: 978-1-349-14972-8Published: 30 April 1999
Edition Number: 1
Number of Pages: XVII, 182
Topics: Labor Economics, Macroeconomics/Monetary Economics//Financial Economics, Investments and Securities

Publish with us

Policies and ethics

Authors:

Sections

Buy it now

Buying options

Other ways to access

Table of contents (5 chapters)

Front Matter

Introduction

The Outline of the Theory

Details of the Model

Estimations and Simulations

Conclusions

Back Matter

About this book