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- W2189405858 abstract "This paper develops and estimates a small open economy DSGE model with searchand-matching rigidities on Hungarian data. Our main ndings are as follows: (i) over and above what is implied by matching frictions, we do not nd wages to be particularly rigid in Hungary; (ii) labor market developments are propageted to the broader economy; (iii) shocks originating outside the labor market are important for some, but not all labor market variables, and (iv) changes in activity are a very important driving force of uctuations not only on the labor market, but also for other variables like in ation." @default.
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- W2189405858 date "2007-01-01" @default.
- W2189405858 modified "2023-09-27" @default.
- W2189405858 title "An Open Economy DSGE Model with Labor Market Frictions" @default.
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