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@inproceedings{15733,
   author = {Němec, Daniel},
   address = {Karviná},
   booktitle = {Proceedings of the 30th International Conference Mathematical Methods in Economics 2012},
   keywords = {search and matching model; Bayesian estimation; DSGE model; small open economy},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Karviná},
   isbn = {978-80-7248-779-0},
   pages = {634-639},
   publisher = {Silesian University in Opava, School of Business Administration in Karviná},
   title = {Labour market frictions in a small open economy model of the Czech Republic},
   url = {http://mme2012.opf.slu.cz/proceedings/pdf/109_Nemec.pdf},
   year = {2012}
}

TY  - JOUR
ID  - 15733
AU  - Němec, Daniel
PY  - 2012
TI  - Labour market frictions in a small open economy model of the Czech Republic
PB  - Silesian University in Opava, School of Business Administration in Karviná
CY  - Karviná
SN  - 9788072487790
KW  - search and matching model
KW  - Bayesian estimation
KW  - DSGE model
KW  - small open economy
UR  - http://mme2012.opf.slu.cz/proceedings/pdf/109_Nemec.pdf
N2  - 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.
ER  - 

NĚMEC, Daniel. Labour market frictions in a small open economy model of the Czech Republic. In \textit{Proceedings of the 30th International Conference Mathematical Methods in Economics 2012}. Karviná: Silesian University in Opava, School of Business Administration in Karviná, 2012, s.~634-639. ISBN~978-80-7248-779-0.