Özet:

The crisis that began in the United States in 2008 has shown its impact on the whole world in a short time, and in the progress he has felt with serious employment problems. In particular, the growth of prosperity created by the credit expansion seen in the early 21st century, with this crisis, has become a sector and has not been continued. Nevertheless, economies that aim to maintain the same level of well-being have fallen under a high and long-term debt burden for this. The aim of this study is to explain the impact of increased public debt stocks and interest rates on unemployment during the process. In the framework of the goal, the Portuguese economy was studied by the 2000Q1-2018Q4 period, the Augmented Dickey Fuller (ADF) unit root, Johansen equalization and Granger causality tests. According to the study, in the long term, public debt stock affects unemployment in a negative direction, while interest rates affects unemployment in a positive direction.

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