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Labor Market Frictions in the Estimated DSGE Model for Armenia

Language EnglishEnglish
Book Paperback
Book Labor Market Frictions in the Estimated DSGE Model for Armenia Haykaz Igityan
Libristo code: 16240515
Publishers LAP Lambert Academic Publishing, November 2016
This work develops DSGE model for Armenia allowing the household to supply labor both to formal and... Full description
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This work develops DSGE model for Armenia allowing the household to supply labor both to formal and informal sectors. The work discusses costs per hire, which is equivalent to matching function approach adopted by search models. The model is estimated by Bayesian method using 9 Armenian time series and 9 structural shocks. The estimated model reproduces dynamics of data quite well. Estimated structural shocks are supported by stylized facts and historical events. The fully micro-founded model with labor market frictions allows getting a deeper insight into the Armenian labor market developments.

About the book

Full name Labor Market Frictions in the Estimated DSGE Model for Armenia
Author Haykaz Igityan
Language English
Binding Book - Paperback
Date of issue 2017
Number of pages 112
EAN 9783330076563
Libristo code 16240515
Publishers LAP Lambert Academic Publishing
Weight 185
Dimensions 150 x 220 x 7
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