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Carpenter, Seth B.; Rodgers, William M., III – Journal of Policy Analysis and Management, 2004
Employing two widely used approaches to identify the effects of monetary policy, this paper explores the differential impact of policy on the labor market outcomes of teenagers, minorities, out-of-school youth, and less-skilled individuals. Evidence from recursive vector autoregressions and autoregressive distributed lag models that use…
Descriptors: Labor Market, Labor Force, Economics Education, Economic Impact