مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

video

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

sound

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Version

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

View:

261
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download:

0
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Cites:

Information Journal Paper

Title

Labor force participation rate and the impact of monetary policy on labor market variables in a dynamic stochastic general equilibrium model

Pages

  271-298

Abstract

 The purpose of this research is to determine the participation rate in a dynamic equilibrium model and to investigate the impact of shocks on Labor market variables with an endogenous participation rate. For this purpose, a three-state search and matching model is used in which the labor force can be employed, unemployed or inactive (non-participation). For more accurate analysis, two models have been used. In the first model, the rate of economic participation is endogenous, but, in the second model, it is exogenous. Nash bargaining is also used to determine wages. By the estimation of the model parameters using the Bayesian method during 1997-2014, the simulation results have indicated that the impulse response functions of production, inflation, employment, and participation rates against monetary and technological shocks are in accordance with theoretical expectations and data. However, the unemployment variable shows an increase in the model of in-person participation rates and a decrease in the exogenous participation rate, which is due to the change in the participation rate in the endogenous model. Therefore, evaluating policies on the Labor market variable with an exogenous participation rate can be misleading.

Cites

  • No record.

    • References

  • No record.

    • Cite

    APA: Copy

    KESHAVARZ, HADI, & KESHAVARZ, MASOUD. (2019). Labor force participation rate and the impact of monetary policy on labor market variables in a dynamic stochastic general equilibrium model. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, 11(21 ), 271-298. SID. https://sid.ir/paper/387309/en

    Vancouver: Copy

    KESHAVARZ HADI, KESHAVARZ MASOUD. Labor force participation rate and the impact of monetary policy on labor market variables in a dynamic stochastic general equilibrium model. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH[Internet]. 2019;11(21 ):271-298. Available from: https://sid.ir/paper/387309/en

    IEEE: Copy

    HADI KESHAVARZ, and MASOUD KESHAVARZ, “Labor force participation rate and the impact of monetary policy on labor market variables in a dynamic stochastic general equilibrium model,” BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, vol. 11, no. 21 , pp. 271–298, 2019, [Online]. Available: https://sid.ir/paper/387309/en

    Related Journal Papers

  • No record.

    • Related Seminar Papers

  • No record.

    • Related Plans

  • No record.

    • Recommended Workshops






    Move to top