Přehled o publikaci
2012
Labour market frictions in a small open economy model of the Czech Republic
NĚMEC, DanielBasic information
Original name
Labour market frictions in a small open economy model of the Czech Republic
Authors
NĚMEC, Daniel
Edition
Karviná, Proceedings of the 30th International Conference Mathematical Methods in Economics 2012, p. 634-639, 6 pp. 2012
Publisher
Silesian University in Opava, School of Business Administration in Karviná
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
Economics
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
printed version "print"
References:
Marked to be transferred to RIV
Yes
RIV identification code
RIV/00216224:14560/12:00060920
Organization
Ekonomicko-správní fakulta – Repository – Repository
ISBN
978-80-7248-779-0
UT WoS
Keywords in English
search and matching model; Bayesian estimation; DSGE model; small open economy
Changed: 1/9/2020 12:53, RNDr. Daniel Jakubík
Abstract
In the original language
This contribution examines the impacts of introducing search and matching frictions in an open economy DSGE framework of the Czech economy. Model estimates should help to understand the driving forces behind important labour market variables: the wage bargaining power of unions, the match elasticity of unemployed, the efficiency of the matching process, separation rate and the flexibility of wages. Search and matching aspect provides satisfactory description of employment flows in the Czech economy. Moreover, the model of the open economy fits the business cycle features of the main economic variables better than the closed model.
