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shock proxies on the estimated impulse responses from these SVAR models. We show via a Monte Carlo experiment that … uncertainty shock proxy as an instrument to identify the underlying shock does not suffer from this bias. Applying this proxy SVAR …
Persistent link: https://www.econbiz.de/10009784657
variables and other aggregates. Three features distinguish our model from the standard model with Search And Matching (SAM …
Persistent link: https://www.econbiz.de/10012316009
This paper develops a search and matching model where firms and workers are allowed to form matches (jobs) that can be … universal social security benefit system would decrease informality, incentivize schooling, and increase productivity at a …
Persistent link: https://www.econbiz.de/10011783896
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to fewer employees willing to exert effort. The overall lower productivity will make more individuals and firms opting to …
Persistent link: https://www.econbiz.de/10009517818
main findings are that matching process and wage bargaining introduce new channels of transmission of environmental …
Persistent link: https://www.econbiz.de/10011672535
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This paper has adopted a Bayesian FAVAR approach to examine the monetary transmission mechanism in North Macedonia. The model is based on a broad data set that encompasses 140 monthly time series spanning between January 2010 and January 2019. In particular, the impact of policy on bank...
Persistent link: https://www.econbiz.de/10013549755
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