LEADER 00000cam a2200685Ia 4500 001 ocn811859072 003 OCoLC 005 20210410013023.8 006 m o d 007 cr cnu---unuuu 008 121004s2012 dcu ob i000 0 eng d 019 870245031 020 9781475512496|q(electronic book) 020 147551249X|q(electronic book) 035 (OCoLC)811859072|z(OCoLC)870245031 040 DJB|beng|epn|cDJB|dCUS|dOCLCQ|dN$T|dOCLCA|dYDXCP|dOCLCF |dOCLCO|dEBLCP|dOCLCO|dOCLCQ|dOCLCO|dOCLCQ|dAGLDB|dOCLCQ |dMERUC|dZCU|dOCLCA|dICG|dOCLCQ|dSTF|dDKC|dOCLCQ 043 d------ 049 RIDW 050 4 HB3711 072 7 BUS|x044000|2bisacsh 082 04 338.5/4209172/4|223 090 HB3711 100 1 Boz, Emine.|0https://id.loc.gov/authorities/names/ no2007130830 245 10 Emerging market business cycles :|blabor market frictions /|cprepared by Emine Boz, C. Bora Durdu, and Nan Li. 264 1 [Washington, D.C.] :|bInternational Monetary Fund,|c[2012] 264 4 |c©2012 300 1 online resource (51 pages). 336 text|btxt|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 340 |gpolychrome|2rdacc 347 text file|2rdaft 490 1 IMF working paper ;|vWP/237 500 Title from PDF title page (IMF Web site, viewed Oct. 4, 2012). 500 "Research Department." 500 "October 2012." 504 Includes bibliographical references. 505 0 Cover; Contents; 1 Introduction; 2 Empirical Evidence on Emerging Economy Labor Markets; 3 A Small Open Economy Model with Search-Matching Frictions; 4 Quantitative Analysis; 4.1 Calibration; 4.2 Solution: Nonlinear Methods; 4.3 The Model Dynamics; 4.4 Main Findings; Canonical SOE-RBC; Search-Matching Model; 4.5 Sensitivity Analysis; 5 Matching efficiency shocks; 6 Conclusion; References; References; Appendixes; A: Data Appendix; B: TFP computation; C: Decentralized Economy; D: Canonical SOE-RBC; Tables; Table 1: Real earnings; Table 2: Unemployment Rate and Employment. 505 8 Table 3: Hours worked: Manufacturing and AggregateTable 4: Calibrated Parameters; Table 5: Business Cycle Moments; Table 6: Sensitivity Analysis; Table 7: Matching Efficiency Shocks; Figures; Figure 2: Limiting Distributions of Endogenous State Variables; Figure 3: Impulse Response Functions: Main Macroeconomic Variables; Figure 4: Impulse Response Functions: Labor Market Variables; Figure 1: Sectoral Decomposition of Employment. 520 Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical interest rate shocks can jointly account for these regularities. In the face of countercyclical interest rate shocks, search-matching frictions increase future employment uncertainty, improving workers' incentive to save and generating a greater response of consumption and the current account. Higher consumption response in turn feeds into larger fluctuations in the workers bargaining power while the interest rates shocks lead to variations in the firms' willingness to hire; both of which contribute to a highly variable real wage. 590 eBooks on EBSCOhost|bEBSCO eBook Subscription Academic Collection - North America 650 0 Business cycles|0https://id.loc.gov/authorities/subjects/ sh85018278|zDeveloping countries|0https://id.loc.gov/ authorities/subjects/sh85037341-781|xEconometric models. |0https://id.loc.gov/authorities/subjects/sh99005483 650 0 Labor market|0https://id.loc.gov/authorities/subjects/ sh89000875|zDeveloping countries|0https://id.loc.gov/ authorities/subjects/sh85037341-781|xEconometric models. |0https://id.loc.gov/authorities/subjects/sh99005483 650 7 Business cycles.|2fast|0https://id.worldcat.org/fast/ 842457 650 7 Econometric models.|2fast|0https://id.worldcat.org/fast/ 901567 650 7 Labor market.|2fast|0https://id.worldcat.org/fast/990036 651 7 Developing countries.|2fast|0https://id.worldcat.org/fast/ 1242969 655 4 Electronic books. 700 1 Bora Durdu, C.|0https://id.loc.gov/authorities/names/ no2012131805 700 1 Li, Nan.|0https://id.loc.gov/authorities/names/n82271108 710 2 International Monetary Fund.|bResearch Department.|0https: //id.loc.gov/authorities/names/n77001219 776 08 |iPrint version:|aBoz, Emine.|tEmerging Market Business Cycles: The Role of Labor Market Frictions.|dWashington : International Monetary Fund, ©2012|z9781475511208 830 0 IMF working paper ;|0https://id.loc.gov/authorities/names/ no89010263|vWP/12/237. 856 40 |uhttps://rider.idm.oclc.org/login?url=http:// search.ebscohost.com/login.aspx?direct=true&scope=site& db=nlebk&AN=516432|zOnline ebook via EBSCO. Access restricted to current Rider University students, faculty, and staff. 856 42 |3Instructions for reading/downloading the EBSCO version of this ebook|uhttp://guides.rider.edu/ebooks/ebsco 901 MARCIVE 20231220 948 |d20210519|cEBSCO|tEBSCOebooksacademic NEW April 9 4115 |lridw 994 92|bRID