التفاصيل البيبلوغرافية
| العنوان: |
ESTIMATED SMALL OPEN ECONOMY MODEL WITH FRICTIONAL UNEMPLOYMENT. |
| المؤلفون: |
ALBERTINI, JULIEN, KAMBER, GÜNEŞ, KIRKER, MICHAEL |
| المصدر: |
Pacific Economic Review; May2012, Vol. 17 Issue 2, p326-353, 28p, 3 Charts, 9 Graphs |
| مصطلحات موضوعية: |
LABOR market, ECONOMIC models, BUSINESS cycles, TRANSMISSION mechanism (Monetary policy), MACROECONOMICS |
| مصطلحات جغرافية: |
NEW Zealand |
| مستخلص: |
This paper investigates labour market dynamics in New Zealand by estimating a structural small open economy model enriched with standard search and matching frictions in the labour market. We show that the model fits the business cycle features of key macroeconomic variables reasonably well and provides an appealing monetary transmission mechanism. We then extend our analysis to examine the driving forces behind labour market variables. Our findings suggest that the bulk of variation in labour market variables is solely explained by disturbances pertaining to the labour market. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
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