Abstract
Brazilian society today faces a serious macroeconomic problem that is the high rate of unemployment. With persistent stagnation of growth, it is concluded that the resumption of jobs will not be something verifiable in the short term, requiring actions that can boost the growth of the product with the improvement of the business environment. The purpose of this paper is to analyze empirically the long-term relationships between aggregate unemployment, monetary policy instruments, exports and direct investments in the country. For this, the econometric strategy used is the approach by ARDL models with causality test developed by Toda and Yamamoto. The results reveal the importance of monetary policy instruments for the job creation environment where percent increases in the level of national activities, inflation and exports lead to reduction of unemployment and also reveal that the direct investments made in the did not contribute to the generation of workplaces. There is evidence that dynamic shocks in the labor market take 4 - 7 months to return to equilibrium unemployment levels.
Highlights
High level of unemployment is a problem that affects Brazilian society today
The results reveal the importance of monetary policy instruments for the job creation environment where percent increases in the level of national activities, inflation and exports lead to reduction of unemployment and reveal that the direct investments made in the did not contribute to the generation of workplaces
It can be said that the product, inflation and exports cause the level of unemployment in Brazil
Summary
Unemployment showed a vertiginous increase from the year 2015 Against this backdrop, it is concluded that the resumption of jobs will not be verifiable in the short term, if actions are needed that can boost the growth of the product while combining monetary and fiscal policies to favor the business environment. It is concluded that the resumption of jobs will not be verifiable in the short term, if actions are needed that can boost the growth of the product while combining monetary and fiscal policies to favor the business environment Inflation is another problem that demands the sacrifice of the population, since the monetary policy instrument that seeks to correct this market distortion ends up generating a tradeoff between inflation and unemployment. Section five presents the conclusions of the research and, in sequence, the bibliography of the study is presented
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