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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

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

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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Počet stran výsledku

8

Strana od-do

2831-2838

Název nakladatele

INT BUSINESS INFORMATION MANAGEMENT ASSOC-IBIMA

Místo vydání

NORRISTOWN

Místo konání akce

Seville, SPAIN

Datum konání akce

9. 11. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000392785700288