Front Matter Page
Research Department
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
Tables
Table 1: Real earnings
Table 2: Unemployment Rate and Employment
Table 3: Hours worked: Manufacturing and Aggregate
Table 4: Calibrated Parameters
Table 5: Business Cycle Moments
Table 6: Sensitivity Analysis
Table 7: Matching Efficiency Shocks
Figures
Figure 1: Sectoral Decomposition of Employment
Figure 2: Limiting Distributions of Endogenous State Variables
Figure 3: Impulse Response Functions: Main Macroeconomic Variables
Figure 4: Impulse Response Functions: Labor Market Variables
Appendixes
A Data Appendix
B TFP computation
C Decentralized Economy
D Canonical SOE-RBC
References
References