How Do Labor Markets of Central European Small Open Economies Perform? Measuring the NAIRU Using Bayesian Approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00091759" target="_blank" >RIV/00216224:14560/16:00091759 - 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
How Do Labor Markets of Central European Small Open Economies Perform? Measuring the NAIRU Using Bayesian Approach
Original language description
Small open economies of the Central European region, namely the Czech Republic, Hungary and Slovakia, have historically experienced very similar development, not only from the economic point of view. Thanks to their close economic cooperation and integration efforts in the Visegrad Group, and after 2004 also in the European Union, they experience the same economic conditions, share the same single market for labor, goods, services and capital, and most importantly, face more or less the same external disturbances. As a result, one would believe that response of their labor markets to these disturbances has to be roughly the same. In this contribution we will take a closer look on the recent labor markets developments of the countries mentioned above. For this purpose, estimates of non-accelerating inflation rate of unemployment (NAIRU) are presented and dynamics of the estimated trajectories before and after the onset of The Great Financial Crisis in 2008 is analyzed.
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
VISION 2020: INNOVATION MANAGEMENT, DEVELOPMENT SUSTAINABILITY, AND COMPETITIVE ECONOMIC GROWTH, 2016, VOLS I - VII
ISBN
9780986041983
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
2831-2838
Publisher name
INT BUSINESS INFORMATION MANAGEMENT ASSOC-IBIMA
Place of publication
NORRISTOWN
Event location
Seville, SPAIN
Event date
Nov 9, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000392785700288

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