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Shifts in the Beveridge Curve in spain and their macroeconomic effects.

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Shifts in the Beveridge Curve in spain and their macroeconomic effects.

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dc.contributor.author Boscá Mares, José Emilio
dc.contributor.author Doménech Vilariño, Rafael
dc.contributor.author Ferri Carreres, Francisco Javier
dc.contributor.author García Martínez, José Ramón
dc.date.accessioned 2018-04-23T10:06:20Z
dc.date.available 2018-04-23T10:06:20Z
dc.date.issued 2017
dc.identifier.citation Boscá Mares, José Emilio Doménech Vilariño, Rafael Ferri Carreres, Francisco Javier García Martínez, José Ramón 2017 Shifts in the Beveridge Curve in spain and their macroeconomic effects. Revista de Economia Aplicada XXV 75 5 27
dc.identifier.uri http://hdl.handle.net/10550/65838
dc.description.abstract In this article, we construct a homogeneous series of vacancies for the Spanish economy from 1980 to 2016, which enables us to perform an analysis of the effects of the economic cycle on the relationship between unemployment and vacancies. The methodology proposes a link between the old series of vacancies from the former INEM (National Employment Institute) and the new series from Eurostat. To that end, we use the information from the Short-Term Labour Survey. An analysis of this new homogeneous series shows that the Beveridge curve shifted between 2008 and 2009 due to the worse efficiency of the process of matching vacancies and unemployed workers. A simulation of the macroeconomic effects of this fall in efficiency in a general equilibrium model for Spain generates movements in GDP and employment in the same direction as those actually observed in the crisis, albeit of lesser magnitude. The evidence offered shows that since 2014, the Beveridge curve has gradually been recovering its pre-crisis position, with a consequent decline in the unemployment rate.
dc.language.iso eng
dc.relation.ispartof Revista de Economia Aplicada, 2017, vol. XXV, num. 75, p. 5-27
dc.subject Macroeconomia
dc.title Shifts in the Beveridge Curve in spain and their macroeconomic effects.
dc.type journal article es_ES
dc.date.updated 2018-04-23T10:06:21Z
dc.identifier.idgrec 123478
dc.rights.accessRights open access es_ES

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