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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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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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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
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A real-business-cycle model with efficiency wages and a government sector : the case of Bulgaria
Vasilev, Aleksandar - 2017
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/10011761449
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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 emphasize 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/10011638342
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A business-cycle model with a modified cash-inadvance feature, government sector and one-period nominal wage contracts : the case of Bulgaria
Vasilev, Aleksandar - 2018
advance considerations, and one-period-ahead nominal wage contracts. In particular, the cash in advance constraint of Cooley … the nominal wage rigidity, when calibrated to Bulgarian data after the introduction of the currency board (1999 …
Persistent link: https://www.econbiz.de/10011796549
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A business-cycle-model with monopolistically-competitive intermediary firms and sticky nominal wages : the case of Bulgaria after the introduction of the currency board (1999-2016)
Vasilev, Aleksandar - 2018
with the nominal wage rigidity, when calibrated to Bulgarian data after the introduction of the currency board (1999 … characterizing the labor market in particular. As nominal wage frictions are incorporated, the variables become more persistent …
Persistent link: https://www.econbiz.de/10011799333
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On the persistence of firm expansion: The survival of new jobs in Austrian firms
Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm's and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010293739