Impact of labour-market segmentation on identification of
parameters in a DSGE Framework

D 2018

Impact of labour-market segmentation on identification of parameters in a DSGE Framework

CHALMOVIANSKÝ, Jakub

Základní údaje

Originální název

Impact of labour-market segmentation on identification of parameters in a DSGE Framework

Autoři

CHALMOVIANSKÝ, Jakub (703 Slovensko, garant, domácí)

Vydání

University of Economics, Quantitative Methods in Economics; Multiple Criteria Decision Making XIX, od s. 24-31, 8 s. 2018

Nakladatel

University of Economics, Bratislava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

Conference proceedings

Kód RIV

RIV/00216224:14560/18:00102845

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-89962-08-2

UT WoS

000455265500003

Klíčová slova anglicky

DSGE; identification issues; labour market segmentation; search and matching frictions

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 24. 1. 2019 12:22, Mgr. Jakub Chalmovianský, Ph.D.

Anotace

V originále

In this contribution, I present two small-scale DSGE models of a closed economy with search and matching frictions on the labor market and right-to-manage bargaining process. The first model is the well-known model from (Lubik, 2009). The second model stems from Lubik's work, introducing labor market segmentation to account for different wage setting processes for two groups of workers with a dissimilar level of qualification. The aim of this contribution is to examine how this modification in the second model affects the amount of information needed to properly identify its parameters. At first, I shortly introduce main aspects of both models. Based on the presented calibration, trajectories of main endogenous variables are obtained. Various subsets of these simulated trajectories are then used as observables for estimation of the model parameters to compare to what extent rich information is needed for each model to properly identify its parameters.

Návaznosti

MUNI/A/0966/2017, interní kód MU

Název: Nekonvenční monetární politika a instituce trhu práce pohledem dynamických stochastických modelů všeobecné rovnováhy (Akronym: Nekonvenční monetární politika)

Investor: Masarykova univerzita, Nekonvenční monetární politika a instituce trhu práce pohledem dynamických stochastických modelů všeobecné rovnováhy, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

CHALMOVIANSKÝ, Jakub. Impact of labour-market segmentation on identification of parameters in a DSGE Framework. Online. In M. Reiff, P. Gežík. Quantitative Methods in Economics; Multiple Criteria Decision Making XIX. University of Economics: University of Economics, Bratislava, 2018, s. 24-31. ISBN 978-80-89962-08-2.

@inproceedings{1419027,
   author = {Chalmovianský, Jakub},
   address = {University of Economics},
   booktitle = {Quantitative Methods in Economics; Multiple Criteria Decision Making XIX},
   editor = {M. Reiff, P. Gežík},
   keywords = {DSGE; identification issues; labour market segmentation; search and matching frictions},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {University of Economics},
   isbn = {978-80-89962-08-2},
   pages = {24-31},
   publisher = {University of Economics, Bratislava},
   title = {Impact of labour-market segmentation on identification of parameters in a DSGE Framework},
   url = {http://www.fhi.sk/files/katedry/kove/ssov/VKOXIX/Zbornik2018.pdf},
   year = {2018}
}

TY  - CONF
ID  - 1419027
AU  - Chalmovianský, Jakub
PY  - 2018
TI  - Impact of labour-market segmentation on identification of parameters in a DSGE Framework
PB  - University of Economics, Bratislava
CY  - University of Economics
SN  - 9788089962082
KW  - DSGE
KW  - identification issues
KW  - labour market segmentation
KW  - search and matching frictions
UR  - http://www.fhi.sk/files/katedry/kove/ssov/VKOXIX/Zbornik2018.pdf
L2  - http://www.fhi.sk/files/katedry/kove/ssov/VKOXIX/Zbornik2018.pdf
N2  - In this contribution, I present two small-scale DSGE models of a closed economy with search and matching frictions on the labor market and right-to-manage bargaining process. The first model is the well-known model from (Lubik, 2009). The second model stems from Lubik's work, introducing labor market segmentation to account for different wage setting processes for two groups of workers with a dissimilar level of qualification. The aim of this contribution is to examine how this modification in the second model affects the amount of information needed to properly identify its parameters. At first, I shortly introduce main aspects of both models. Based on the presented calibration, trajectories of main endogenous variables are obtained. Various subsets of these simulated trajectories are then used as observables for estimation of the model parameters to compare to what extent rich information is needed for each model to properly identify its parameters.
ER  -

CHALMOVIANSKÝ, Jakub. Impact of labour-market segmentation on identification of parameters in a DSGE Framework. Online. In M. Reiff, P. Gežík. \textit{Quantitative Methods in Economics; Multiple Criteria Decision Making XIX}. University of Economics: University of Economics, Bratislava, 2018, s.~24-31. ISBN~978-80-89962-08-2.

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