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|z 9781484360569
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|a 1018-5941
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|a Yakhin, Yossi.
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|a A Stock-Flow Accounting Model of the Labor Market :
|b An Application to Israel /
|c Yossi Yakhin, Natalya Presman.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (54 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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.
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|a Mode of access: Internet
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|a Presman, Natalya.
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|a IMF Working Papers; Working Paper ;
|v No. 2015/058
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| 856 |
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|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
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