E32      Business Fluctuations; Cycles
( 6 - Publication )
2016-05-20 Business cycles and on the job search
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We study steady state and business cycle properties of a model with heterogeneous firms and on-the-job search in the spirit of Moscarini and Postel-Vinay (2012). We extend the setup by including capital in the production function and show how this change influences model properties. The ...
2016-05-19 On the job search and working capital
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We study the steady-state effects of working capital channel on the distribution of wages and reallocation of workers across employers. We first show that in a simple Burdett-Mortensen on-the-job search model, working capital channel matter for wage offers distributions of firms and wage distribution of ...
2015-08-30 What drives the labour wedge? A comparison between CEE countries and the Euro Area
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We use a structural macroeconomic model with search and matching frictions on the labour market to analyse the differences in the business cycle fluctuations of the labour wedge between two CEE countries and the Euro Area. Our results indicate that the observed higher volatility of ...
2011-12-01 Sticky wage Nash bargaing model with incomplete information
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We develop a novel method of introducing real wage rigidity into an otherwise standard search and matching model. Wages are constantly renegotiated through Nash wage bargaining, however negotiations are based on imperfect information regarding the productivity level and consequently marginal productivity. The imperfect information mechanism ...
2009-03-23 Shocks and rigidities as determinants of the CEE labor markets’ performance. A panel SVECM approach
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We analyze with panel SVECM the impact of real wage, productivity, labor demand and supply shocks on the eight CEE economies during 1996-2007. We use a set of long-run restrictions, derived from the DSGE model with explicitly modeled labor market, to identify these structural shocks. ...
2008-12-16 Assessing Effects of Joining Common Currency Area with Large-Scale DSGE model: A Case of Poland
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In this paper we present a large scale dynamic stochastic general equilibrium model, in order to analyze and simulate effects of Euro introduction in Poland. Presented framework is a based on a two-country open economy model, where foreign acts as the Eurozone, and home as ...
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