Labour market frictions and growth in small open economy: DSGE model

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00103874" target="_blank" >RIV/00216224:14560/18:00103874 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Labour market frictions and growth in small open economy: DSGE model
Original language description
In this paper, we quantify impacts of labour market disturbances on the Czech economic growth. The analysis is done by using a small open economy dynamic stochastic general equilibrium model with real wage rigidity and involuntary unemployment. To estimate the model, we use thirteen observed variables from 2001Q1 to 2017Q4 and a standard Bayesian approach. The data are not pre-filtered, but we employ the growth rates of output (and its components), which allows us to analyse impacts of various disturbances on the growth. Impulse response functions and historical shock decompositions reveal that especially labour supply shocks have had a non-negligible impact on the Czech economic growth.
Czech name
—
Czech description
—

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
36th International Conference Mathematical Methods in Economics Conference Proceedings
ISBN
9788073783723
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
31-36
Publisher name
Faculty of Management, University of Economics
Place of publication
Prague
Event location
Jindřichův Hradec
Event date
Jan 1, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000507455300006

Similar results(10)