Estimated Small Open Economy Model with Frictional Unemployment

Julien Albertini, Gunes Kamber and Michael Kirker

Post-Print from HAL

Abstract: This paper investigates labour market dynamics in New Zealand by estimating a structural small open economy model enriched with standard search and matching frictions in the labour market. We show that the model fits the business cycle features of key macroeconomic variables reasonably well and provides an appealing monetary transmission mechanism. We then extend our analysis to examine the driving forces behind labour market variables. Our findings suggest that the bulk of variation in labour market variables is solely explained by disturbances pertaining to the labour market

Date: 2012-05
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Published in Pacific Economic Review, 2012, 17 (2), pp. 326-353. ⟨10.1111/j.1468-0106.2012.00585.x⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: ESTIMATED SMALL OPEN ECONOMY MODEL WITH FRICTIONAL UNEMPLOYMENT (2012)
Working Paper: An estimated small open economy model with frictional unemployment (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02188600

DOI: 10.1111/j.1468-0106.2012.00585.x

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().