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A Simple Forecasting Model Linking Macroeconomic Policy To Industrial Employment Demand

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  • Malley, James R.
  • Hady, Thomas F.

Abstract

Simulation through a model linking monetary and fiscal policy to industrial employment in metro and nonmetro areas of four U.S. regions suggests that changes in monetary and fiscal policy have significantly different effects in different parts of the country. The magnitude of the employment impact on nonmetro areas depends on assumptions about industrial composition and worker compensation.

Suggested Citation

  • Malley, James R. & Hady, Thomas F., 1988. "A Simple Forecasting Model Linking Macroeconomic Policy To Industrial Employment Demand," Staff Reports 278020, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278020
    DOI: 10.22004/ag.econ.278020
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    File URL: https://ageconsearch.umn.edu/record/278020/files/ers-report-345.pdf
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    References listed on IDEAS

    as
    1. F. P. R. Brechling, 1965. "The Relationship between Output and Employment in British Manufacturing Industries," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(3), pages 187-216.
    2. Hali J. Edison & Jaime R. Marquez & Ralph W. Tryon, 1986. "The structure and properties of the FRB multicountry model.Part I: Model description and simulation results," International Finance Discussion Papers 293, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Hamrick, Karen S., 1991. "Macroeconomic Impacts on Nonmetro Unemployment: Preliminary Research," Staff Reports 278579, United States Department of Agriculture, Economic Research Service.

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