Narrow search
Showing 1 - 10 of 141
Cover Image
US health and aggregate fluctuations
Vasilev, Aleksandar - 2016
This paper aims to shed light on the importance of health considerations for business cycle fluctuations and the effect … of health status on labor productivity and availability of labor input for productive use. To this end, Grossman's (2000 …) partial-equilibrium framework with endogenous health is incorporated in an otherwise standard Real- Business-Cycle (RBC) model …
Persistent link: https://www.econbiz.de/10011518900
Cover Image
US Health and Aggregate Fluctuations
Vasilev, Aleksandar - 2017
This paper aims to shed light on the importance of health considerations for business cycle fluctuations and the effect … of health status on labour productivity and availability of labour input for productive use. To this end, Grossman …'s (2000) partial‐equilibrium framework with endogenous health is incorporated in an otherwise standard Real …
Persistent link: https://www.econbiz.de/10014122026
Cover Image
US health and aggregate fluctuations
Vasilev, Aleksandar - 2016
This paper aims to shed light on the importance of health considerations for business cycle fluctuations and the effect … of health status on labor productivity and availability of labor input for productive use. To this end, Grossman's (2000 …) partial-equilibrium framework with endogenous health is incorporated in an otherwise standard Real-Business-Cycle (RBC) model …
Persistent link: https://www.econbiz.de/10011537490
Cover Image
Business cycles in Bulgaria and the Baltic countries : an RBC approach
Vasilev, Aleksandar - 2009
This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the 1993-2005 period. The paper aims at deepening the understanding of the nature of output fluctuations. The neoclassical approach will be employed, much in the spirit of the real...
Persistent link: https://www.econbiz.de/10011487452
Cover Image
Credit constraints and aggregate economic activity over the business cycles
Giorgadze, Tamar; Vasilev, Aleksandar - 2016
The paper examines that imperfections in financial markets are themselves a source of macroeconomic fluctuations. Small, temporary shocks to technology or income distribution can generate large fluctuations in output and asset prices and spill over to other sectors. The work is based on the...
Persistent link: https://www.econbiz.de/10011518879
Cover Image
Business cycle accounting : Bulgaria after the introduction of the currency board arrangement (1999-2014)
Vasilev, Aleksandar - 2016
This paper focuses on explaining the economic fluctuations in Bulgaria after the introduction of the currency board arrangement in 1997, the period of macroeconomic stability that ensued, the EU accession, and the episode of the recent global financial crisis. This paper follows Chari et al....
Persistent link: https://www.econbiz.de/10011520593
Cover Image
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
Cover Image
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
Cover Image
How important are shocks to the elasticity of aggregate labor supply for business cycle fluctuations?
Vasilev, Aleksandar - 2022
Stochastic shocks to aggregate labor supply elasticity are introduced into a real-business-cycle setup augmented with a detailed government sector. The model is calibrated to Bulgarian data for the period following the introduction of the currency board arrange-ment (1999-2018). The quantitative...
Persistent link: https://www.econbiz.de/10013193765
Cover Image
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10012242326