Emerging market business cycles: labor market frictions
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
c2012
|
| Series: | IMF working paper
WP/12/237 |
| Subjects: | |
| Online Access: | Volltext |
| Item Description: | Title from PDF title page (IMF Web site, viewed Oct. 4, 2012). - "Research Department.". - "October 2012." Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical interest rate shocks can jointly account for these regularities. In the face of countercyclical interest rate shocks, search-matching frictions increase future employment uncertainty, improving workers' incentive to save and generating a greater response of consumption and the current account. Higher consumption response in turn feeds into larger fluctuations in the workers bargaining power while the interest rates shocks lead to variations in the firms' willingness to hire; both of which contribute to a highly variable real wage Includes bibliographical references |
| Physical Description: | 1 Online-Ressource (51 p.) |
| ISBN: | 9781475512496 147551249X |
Staff View
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| id | DE-604.BV042965615 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:57Z |
| institution | BVB |
| isbn | 9781475512496 147551249X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028391483 |
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| physical | 1 Online-Ressource (51 p.) |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
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| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Boz, Emine Verfasser aut Emerging market business cycles labor market frictions prepared by Emine Boz, C. Bora Durdu, and Nan Li [Washington, D.C.] International Monetary Fund c2012 1 Online-Ressource (51 p.) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/237 Title from PDF title page (IMF Web site, viewed Oct. 4, 2012). - "Research Department.". - "October 2012." Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical interest rate shocks can jointly account for these regularities. In the face of countercyclical interest rate shocks, search-matching frictions increase future employment uncertainty, improving workers' incentive to save and generating a greater response of consumption and the current account. Higher consumption response in turn feeds into larger fluctuations in the workers bargaining power while the interest rates shocks lead to variations in the firms' willingness to hire; both of which contribute to a highly variable real wage Includes bibliographical references BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Business cycles / Econometric models fast Labor market / Econometric models fast Entwicklungsländer Wirtschaft Ökonometrisches Modell Business cycles Developing countries Econometric models Labor market Developing countries Econometric models Bora Durdu, C. Sonstige oth Li, Nan Sonstige oth International Monetary Fund Research Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516432 Aggregator Volltext |
| spellingShingle | Boz, Emine Emerging market business cycles labor market frictions BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Business cycles / Econometric models fast Labor market / Econometric models fast Entwicklungsländer Wirtschaft Ökonometrisches Modell Business cycles Developing countries Econometric models Labor market Developing countries Econometric models |
| title | Emerging market business cycles labor market frictions |
| title_auth | Emerging market business cycles labor market frictions |
| title_exact_search | Emerging market business cycles labor market frictions |
| title_full | Emerging market business cycles labor market frictions prepared by Emine Boz, C. Bora Durdu, and Nan Li |
| title_fullStr | Emerging market business cycles labor market frictions prepared by Emine Boz, C. Bora Durdu, and Nan Li |
| title_full_unstemmed | Emerging market business cycles labor market frictions prepared by Emine Boz, C. Bora Durdu, and Nan Li |
| title_short | Emerging market business cycles |
| title_sort | emerging market business cycles labor market frictions |
| title_sub | labor market frictions |
| topic | BUSINESS & ECONOMICS / Economics / Microeconomics bisacsh Business cycles / Econometric models fast Labor market / Econometric models fast Entwicklungsländer Wirtschaft Ökonometrisches Modell Business cycles Developing countries Econometric models Labor market Developing countries Econometric models |
| topic_facet | BUSINESS & ECONOMICS / Economics / Microeconomics Business cycles / Econometric models Labor market / Econometric models Entwicklungsländer Wirtschaft Ökonometrisches Modell Business cycles Developing countries Econometric models Labor market Developing countries Econometric models |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516432 |
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