Language:

Search and matching frictions and business cycle fluctuations in Bulgaria

International Journal of Business and Economics, 2020-12, Vol.19 (3), p.319-340

Full text available

Citations Cited by

Title:
Search and matching frictions and business cycle fluctuations in Bulgaria
Author: Vasilev, Aleksandar
Subjects: Business Cycle ; Business cycles ; Consumption ; Employment ; Equilibrium ; Fiscal Policy ; General Equilibrium ; Households ; Labor market ; Profits ; Propagation ; Tax rates ; Unemployment ; Unemployment and Wages ; Wage rates ; Wages & salaries
Is Part Of: International Journal of Business and Economics, 2020-12, Vol.19 (3), p.319-340
Description: In this paper we investigate the quantitative importance of search and matching frictions in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with both a two-sided costly search and fiscal policy. This introduces a strong propagation mechanism that allows the model to capture the business cycles in Bulgaria better than earlier models. The model performs well vis-a-vis data, especially along the labor market dimension, and in addition dominates the market-clearing labor market framework featured in the standard RBC model, e.g Vasilev (2009), as well as the indivisible labor extension used in Hansen (1985).
Publisher: Taichung, Taiwan: College of Business of Feng Chia University
Language: English;Chinese
Identifier: ISSN: 1607-0704
EISSN: 1526-775X
Source: AUTh Library subscriptions: ProQuest Central
Alma/SFX Local Collection

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Searching Remote Databases, Please Wait