A labor market specification featuring search frictions and unemployment within an otherwise standard New Keynesian small open economy model significantly improves its ability to explain and predict both labor market data and other macroeconomic variables. We estimate the model with Chilean data ...
Enlace original:
http://repositoriodigital.uct.cl/handle/10925/4108
Guerra-Salas, Juan
,
Kirchner, Markus
,
Tranamil-Vidal, Rodrigo
,
[Search frictions and the business cycle in a small open economy DSGE model]
,
Search frictions and the business cycle in a small open economy DSGE model
