Publication details

 

Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model

Basic information
Original title:Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model
Author:Daniel Němec
Further information
Citation:NĚMEC, Daniel. Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model. In Seminar Odboru vyskumu Narodnej Banky Slovenska. 2012.Export BibTeX
@misc{972421,
author = {Němec, Daniel},
booktitle = {Seminar Odboru vyskumu Narodnej Banky Slovenska},
keywords = {search and matching model; DSGE model; wage bargaining; Bayesian estimation},
language = {eng},
title = {Investigating Differences between the Czech and Slovak Labour Market Using a Small Search and Matching DSGE model},
year = {2012}
}
Original language:English
Field:Economy
Type:Vyžádané přednášky
Keywords:search and matching model; DSGE model; wage bargaining; Bayesian estimation

This contribution reveals some structural differences of the Czech and Slovak labour markets in the last twelve years. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in both economies. Model estimates provide an interesting evidence that wage bargaining process is determined mainly by the power of the firms which is in accordance with the results for the U.S. labour market.