Labour Market Modelling within a DSGE Approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F13%3A00069276" target="_blank" >RIV/00216224:14560/13:00069276 - isvavai.cz</a>
Result on the web
<a href="https://www.vspj.cz/soubory/download/id/2259" target="_blank" >https://www.vspj.cz/soubory/download/id/2259</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Labour Market Modelling within a DSGE Approach
Original language description
The goal of this paper is to contribute to the understanding of the dynamics of main labour-market variables and their relevance for macroeconomic modelling and forecasting in a period of recession. We consider two ways of incorporating labour market into the New Keynesian DSGE framework. The firs one is rather straightforward and it is based on Jakab and Konya (2009). The second one is more sophisticated and it is based on Christiano et al. (2011). In both cases we extend the DSGE framework with searchand matching frictions. Due to the early stage of our research we mainly focus on the literature review in this paper but we also provide some preliminary empirical results. In-sample forecasts generated on calibrated models are employed to evaluate their predictive power.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 31st International Conference Mathematical Methods in Economics
ISBN
9788087035764
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
956-961
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Jan 1, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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