Labor Market Rigidities and Monetary Switch in a DSGE Model: Application To The Slovak Economy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090430" target="_blank" >RIV/00216224:14560/16:00090430 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Labor Market Rigidities and Monetary Switch in a DSGE Model: Application To The Slovak Economy
Original language description
This paper investigates the structural and dynamical characteristics of the Slovak economy during the last 13 years. The focus lies mainly in the examination of the Slovak labor market. To achieve our goal, we use a dynamic stochastic general equilibrium model for small open economies. The selected model contains several labor market rigidities, like search and matching processes, wage adjustment costs and hiring costs to improve our results of estimation. Furthermore, we augment the model with switching mechanism to capture the entry of Slovak Republic into the Eurozone, therefore abandoning its autonomous monetary policy. Our results suggest that there are significant rigidities in the Slovak labor market. Also, the Slovak Republic is greatly influenced by foreign economic forces.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Quantitative Methods in Economics; Multiple Criteria Decision Making XVIII
ISBN
9788097232801
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
283-288
Publisher name
University of Economics
Place of publication
Bratislava
Event location
Vrátna, Slovensko
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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