Euro and Technology Effects on Job Turnover in Greek Manufacturing

Yu Hsing
Additional contact information
Yu Hsing: Department of Business Administration & Finance, College of Business, Southeastern Louisiana University, Hammond, Louisiana 70403, USA

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2010, vol. 3, issue 1, 39-47

Abstract: Applying an open-economy macroeconomic model, incorporating the monetary policy reaction function and uncovering interest parity, this paper finds that the expected real exchange rate and real output exhibit an inverted J-shape relationship, suggesting that expected real depreciation increases real output during 1999.Q2-2001.Q3 whereas expected real appreciation raises output during 2001.Q4-2009.Q1. Other findings show that a higher real financial stock price, a higher world real interest rate, or a lower expected inflation rate would increase real output. Fiscal prudence may be needed as the coefficient of the government borrowing/GDP ratio is insignificant at the 10% level.

Keywords: Expected Real Depreciation or Appreciation; Monetary Policy Reaction Function; Fiscal Policy; Financial Stock Price; Uncovered Interest Parity (search for similar items in EconPapers)
JEL-codes: E52 F31 F41 O52 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ijbesar.af.duth.gr/docs/volume3_issue1/j-shape_hypothesis.pdf (application/pdf)
https://ijbesar.af.duth.gr/volume3_issue1.php (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:3:y:2010:i:1:p:39-47

Access Statistics for this article

International Journal of Business and Economic Sciences Applied Research (IJBESAR) is currently edited by Christos Grose and Persefoni Polychronidou

More articles in International Journal of Business and Economic Sciences Applied Research (IJBESAR) from Democritus University of Thrace (DUTH), Kavala Campus, Greece Contact information at EDIRC.
Bibliographic data for series maintained by Kostas Stergidis ().