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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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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 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 efficiency wages and fiscal policy : the case of Bulgaria
Vasilev, Aleksandar - 2016
Persistent link: https://www.econbiz.de/10011574005
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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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Search and matching frictions and business cycle fluctuations in Bulgaria
Vasilev, Aleksandar - 2016
In this paper we investigate the quantitative importance of search and matching fric- tions in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with both a two-sided costly search and fiscal policy. This introduces a...
Persistent link: https://www.econbiz.de/10011498689
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A progressive consumption tax : an important instrument for stabilizing business cycles, or just an exotic idea?
Vasilev, Aleksandar - 2018
We introduce progressive consumption taxation into a real-business-cycle setup augmented with a detailed government sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2016). We investigate the quantitative importance...
Persistent link: https://www.econbiz.de/10012006059
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Is military spending quantitatively important for business cycle fluctuations in Bulgaria
Vasilev, Aleksandar - 2021
We introduce a military sector and external security considerations into a real-businesscycle setup with a public sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). We investigate the quantitative importance...
Persistent link: https://www.econbiz.de/10012661209