Record Details

The effects of monetary policy on unemployment in Namibia

Journal of Economic and Social Thought

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Title The effects of monetary policy on unemployment in Namibia
 
Creator SUNDE, Tafirenyika; Namibia University of Science and Technology
 
Description Abstract. The main purpose of the article was to establish the effects of monetary policy on unemployment in Namibia. The article used the structural VAR methodology in a macroeconometric setting to achieve this. The results show that monetary policy affects unemployment in Namibia in the short run and in the long run, it is ineffective. These results differ from the results by Alexius & Holmlund (2007) and Jacobs et al. (2003) who found that monetary policy has a significant role to play in explaining unemployment in both the short run and the long run. This means that there is still need to investigate the other explanations of long run unemployment in Namibia such as the demand and supply related variables so that appropriate policies are propounded to address it effectively.Keywords. Unemployment, Structural VAR, Impulse response, Variance decomposition, Namibia, Macroeconometric modelling.JEL. E52, J64.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor UNISA Doctoral Bursary.
 
Date 2015-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/531
10.1453/jest.v2i4.531
 
Source Journal of Economic and Social Thought; Vol 2, No 4 (2015): December; 256-274
Journal of Economic and Social Thought; Vol 2, No 4 (2015): December; 256-274
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/531/628
http://www.kspjournals.org/index.php/JEST/article/downloadSuppFile/531/186
 
Rights Copyright (c) 2015 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0