NĚMEC, Daniel. Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model. In Seminar Odboru vyskumu Narodnej Banky Slovenska. 2012.
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Basic information
Original name Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model
Authors NĚMEC, Daniel.
Edition Seminar Odboru vyskumu Narodnej Banky Slovenska, 2012.
Other information
Original language English
Type of outcome Requested lectures
Field of Study 50200 5.2 Economics and Business
Country of publisher Slovakia
Confidentiality degree is not subject to a state or trade secret
Organization unit Faculty of Economics and Administration
Keywords in English search and matching model; DSGE model; wage bargaining; Bayesian estimation
Tags International impact, Reviewed
Changed by Changed by: doc. Ing. Daniel Němec, Ph.D., učo 22939. Changed: 21/2/2012 11:18.
Abstract
This contribution reveals some structural differences of the Czech and Slovak labour markets in the last twelve years. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in both economies. Model estimates provide an interesting evidence that wage bargaining process is determined mainly by the power of the firms which is in accordance with the results for the U.S. labour market.
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