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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Quantitative Methods in Economics; Multiple Criteria Decision Making XVIII

ISBN

9788097232801

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

283-288

Název nakladatele

University of Economics

Místo vydání

Bratislava

Místo konání akce

Vrátna, Slovensko

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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