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Persistent link: https://www.econbiz.de/10013363155
This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the … in place were crucial for the output performance throughout the period in Bulgaria and the Baltic countries, a finding …
Persistent link: https://www.econbiz.de/10011514583
cycles in Bulgaria better than earlier models. The model performs well vis-a-vis data, especially along the labor market …
Persistent link: https://www.econbiz.de/10011498689
We augment an otherwise standard business cycle model with a richer government sector, and add a modified cash in advance considerations, and one-period-ahead nominal wage contracts. In particular, the cash in advance constraint of Cooley and Hansen (1989) is extended to include private...
Persistent link: https://www.econbiz.de/10011796549
This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the … crucial for the output performance throughout the period in Bulgaria and the Baltic countries, a finding that has important …
Persistent link: https://www.econbiz.de/10011487452
propagation cyclical fluctuations in Bulgaria. Allowing for habits in consumption improves the model performance against data, and …
Persistent link: https://www.econbiz.de/10011925917
Persistent link: https://www.econbiz.de/10012618170
the household values consumption more in that scenario. As a test case, the model is calibrated to Bulgaria after the …
Persistent link: https://www.econbiz.de/10012147221
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