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A real-business-cycle model with reciprocity in labor relations and a government sector
Vasilev, Aleksandar - 2017
In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...
Persistent link: https://www.econbiz.de/10011853388
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A Matching Model of Endogenous Growth and Underground Firms
Lisi, Gaetano; Pugno, Maurizio - 2012
A matching model will explain both unemployment and economic growth by considering the underground sector and human … ambiguous relationships between underground employment and unemployment, and (iii) between growth and unemployment. Key … low, underground employment alleviates unemployment, but the economy grows at lower rates. …
Persistent link: https://www.econbiz.de/10011496173
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A Matching Model of Endogenous Growth and Underground Firms
Lisi, Gaetano; Pugno, Maurizio - Economics and Econometrics Research Institute (EERI) - 2012
A matching model will explain both unemployment and economic growth by considering the underground sector and human … ambiguous relationships between underground employment and unemployment, and (iii) between growth and unemployment. Key … low, underground employment alleviates unemployment, but the economy grows at lower rates. …
Persistent link: https://www.econbiz.de/10009492745