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@inproceedings{992583, author = {Němec, Daniel}, address = {Karviná}, booktitle = {Proceedings of the 30th International Conference Mathematical Methods in Economics 2012}, editor = {Ramík, J. and Stavárek, D.}, 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 - 992583 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 L2 - 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 Ramík, J. and Stavárek, D. \textit{Proceedings of the 30th International Conference Mathematical Methods in Economics 2012}. Karviná: Silesian University in Opava, School of Business Administration in Karviná, 2012, p.~634-639. ISBN~978-80-7248-779-0.
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