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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10012242326
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10011974105
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Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment
Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2020
We embed human capital-based endogenous growth into a New-Keynesian model with search and matching frictions in the labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great Recession: a decline in productivity growth, the relative...
Persistent link: https://www.econbiz.de/10012269664
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A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria
Vasilev, Aleksandar - 2017
In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage …-shirking type that empha- size the importance of aggregate labor market conditions as the main determinant in wage setting, e … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …
Persistent link: https://www.econbiz.de/10011622575
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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 … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …
Persistent link: https://www.econbiz.de/10011853388
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10011925708
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Review of Economic Perspectives 20 (2020) 1, pp. 91-105
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10012384140
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A Real-Business-Cycle model with efficiency wages and a government sector: the case of Bulgaria
Vasilev, Aleksandar - In: Central European Journal of Economic Modelling and … (2017) 4, pp. 359-377
unobservable workers e ort by employers and wage contracts as in Shapiro and Stiglitz (1984), as well as a detailed government …
Persistent link: https://www.econbiz.de/10011739205
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A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages
Vasilev, Aleksandar - In: Journal of Economics and Econometrics 64 (2021) 2, pp. 1-23
volatility of unemployment, while the efficiency wage mechanism fits better the cyclicality of the wage rate. …
Persistent link: https://www.econbiz.de/10012432746
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A real-business-cycle model with efficiency wages and fiscal policy : the case of Bulgaria
Vasilev, Aleksandar - 2016
Persistent link: https://www.econbiz.de/10011574005