Archiwa E32 - IBS - Instytut Badań Strukturalnych

2016-05-20 Business cycles and on the job search

authors:

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 model is solved using a novel numerical ...

2016-05-19 On the job search and working capital

authors:

Jacek Suda

working paper

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 workers. Both wage offer and ...

2015-08-30 What drives the labour wedge? A comparison between CEE countries and the Euro Area

authors:

Małgorzata Skibińska

working paper

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 this wedge in the CEE region ...

2011-12-01 Sticky wage Nash bargaing model with incomplete information

authors:

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 is modeled by means ...

2009-03-23 Shocks and rigidities as determinants of the CEE labor markets’ performance. A panel SVECM approach

authors:

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. Fluctuations in foreign demand are controlled ...

2008-12-16 Assessing Effects of Joining Common Currency Area with Large-Scale DSGE model: A Case of Poland

authors:

Sebastian Dyrda

Maciej Bukowski

working paper

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 a candidate country. We have implemented various types of structural frictions in the open ...