Search and matching frictions and business cycle fluctuations in Bulgaria

Artikel

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).

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: International Journal of Business and Economics ; ISSN: 1607-0704 ; Volume: 19 ; Year: 2020 ; Issue: 3 ; Pages: 319-340 ; Taichung, Taiwan: College of Business of Feng Chia University

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Business Fluctuations; Cycles ; Exchange and Production Economies ; Particular Labor Markets: General
• Thema: general equilibrium ; unemployment and wages ; business cycles ; fiscal policy

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Vasilev, Aleksandar
• Ereignis: Veröffentlichung
• (wer): College of Business of Feng Chia University ; ZBW - Leibniz Information Centre for Economics
• (wo): Taichung, Taiwan
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/230887
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ