A Stock-Flow Accounting Model of the Labor Market : An Application to Israel /

The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR system. The estimation allows for decomposing fluctuations to their cyclical and struct...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Yakhin, Yossi
מחברים אחרים: Presman, Natalya
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2015.
סדרה:IMF Working Papers; Working Paper ; No. 2015/058
גישה מקוונת:Full text available on IMF
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100 1 |a Yakhin, Yossi. 
245 1 2 |a A Stock-Flow Accounting Model of the Labor Market :   |b An Application to Israel /  |c Yossi Yakhin, Natalya Presman. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (54 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR system. The estimation allows for decomposing fluctuations to their cyclical and structural components. The model is applied to the Israeli economy. The estimates suggest that non-cyclical factors account for at least half of the decline of the unemployment rate during the period between 2004-Q1, when unemployment peaked at 10.9 percent, and 2011-Q4, when it marked a trough at 5.4 percent; suggesting a shift inward of the Beveridge curve. 
538 |a Mode of access: Internet 
700 1 |a Presman, Natalya. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/058 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/058/001.2015.issue-058-en.xml  |z IMF e-Library