Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2013 | nr 1 | 1-13

Article title

Oddziaływanie wydatków rządowych na rynek pracy

Authors

Title variants

The impact of government spending on labor market

Languages of publication

PL

Abstracts

W artykule dokonano dekompozycji oddziaływania wydatków rządowych na rynek pracy. Analizę przeprowadzono na podstawie modelu nowej ekonomii keynesistowskiej. Estymacje parametrów modelu wykonano metodą bayesowską na podstawie danych kwartalnych z lat 1995-2010. (fragment tekstu)
EN
The article analyzes the demand and supply effects of temporary increase in government spending on the labour market. The analysis was performed using a model of the new Keynesian economics. Estimates of model parameters were determined by the Bayes method. The simulations show that government spending greater impact on the labour market through demand effect than the supply side. Demand effect is stronger for both employment and wages. (original abstract)

Year

Issue

Pages

1-13

Physical description

Contributors

  • Uniwersytet Łódzki

References

  • Adolfson M., Laseen S., Linde J., Villani M. (2008), Evaluation an estimated new Keynesian small open economy model, "Journal of Economic Dynamics and Control", No. 32
  • Adolfson M., Linde J., Villani M. (2007), Forecasting performance of an open economy DSGE model, "Econometric Reviews", vol. 26, No. 2-4
  • Baranowski P. (2011), Efekty oczekiwanego i nieoczekiwanego zacieśnienia polityki pieniężnej w świetle hybrydowego modelu DSGE dla gospodarki Polski, "Ekonomista", nr 3
  • Bernanke B., Gertler M., Gilchrist S. (1999), The financial accelerator in a quantitative business cycle framework, [w:] J. B. Taylor, M. Woodford (ed.), Handbook of macroeconomics, Elsevier, North-Holland, Amsterdam
  • Bludnik I. (2010), Nowa synteza neoklasyczna w makroekonomii, "Bank i Kredyt", nr 41(2)
  • Branch W. A., Mc Gough B. (2009), A new Keynesian model with heterogeneous expectations, "Journal of Economic Dynamics and Control", No. 33(5)
  • Brzoza-Brzezina M., Makarski K. (2009), Credit crunch in a small open economy, "MPRA Paper", No. 18595
  • Danthine J. P., Kurmann A. (2004), Fair wages in a new keynesian model of the business cycle, "Review of Economic Dynamics", No. 7(1)
  • De Grauwe P. (2008), DSGE-modelling when agents are imperfectly informed, "Working Paper", No. 879, European Central Bank, Frankfurt
  • Gali J. (2008), Monetary policy, inflation and the business cycle. An introduction to the new Keynesian framework, Princeton University Press, Princeton
  • Gali J. (2009), The new Keynesian approach to monetary policy analysis: lessons and new direc¬tions, http://www.crei.cat/people/gali/jg09cfs.pdf
  • Ghironi F., Melitz M. J. (2005), International trade and macroeconomic dynamics with heteroge¬neous firms, "Quarterly Journal of Economics", No. 120(3)
  • Gradzewicz M., Makarski K. (2009), The macroeconomic effects of losing autonomous monetary policy after the euro adoption in Poland, "National Bank of Poland Working Paper", No. 58
  • Grewal M. S., Andrews A. P. (2008), Kalman filtering: theory and practice using Matlab, Wiley¬-IEEE Press
  • Hastings W. K. (1970), Monte Carlo sampling methods using Markov chains and their applica¬tions, "Biometrika", vol. 57, No. 1
  • Kuchta Z. (2012), Wpływ utraty autonomicznej polityki monetarnej na absorpcję zaburzeń egzogenicznych, [w:] P. Krajewski (red.), Gospodarka Polski w perspektywie wstąpienia do strefy euro. Ujęcie ilościowe, PWE, Warszawa
  • Mankiw N. G. (2006), The macroeconomist as scientist and engineer, "Journal of Economic Per¬spectives", vol. 20(4)
  • Meier A., Muller G. J. (2006), Fleshing out the monetary transmission mechanism: output compo¬sition and the role offinancial frictions, "Journal of Money, Credit, and Banking", No. 38(8)
  • Metropolis N., Rosenbluth A. W., Rosenbluth M. N., Teller A. H., Teller E. (1953), Equation of state calculations by fast computing machines, "The Journal of Chemical Physics", vol. 21, No. 6
  • Mortensen D. T., Pissarides C. A. (1999), New developments in models of search in the labor market, [w:] O. Ashenfelter, D. Card (ed.), Handbook of labor economics, Elsevier, North¬-Holland, Amsterdam
  • Ravn M., Schmitt-Grohe S., Uribe M. (2006), Deep habits, "Review of Economic Studies", No. 73
  • Ruge-Murcia F. J. (2007), Methods to estimate dynamic stochastic general equilibrium models, "Journal of Economic Dynamics and Control", No. 31
  • Skrzypczyński P. (2006), Analiza synchronizacji cykli koniunkturalnych w strefie euro, "Materiały i Studia", nr 210
  • Smets F., Wouters R. (2003), An estimated dynamic stochastic general equilibrium model of the euro area, "Journal of European Economic Association", vol. 1, No. 5
  • Smets F., Wouters R. (2004), Forecasting with a Bayesian DSGE model: an application to the euro area, "Journal of Common Market Studies", vol. 42, No. 4
  • Wojtyna A. (2000), Ewolucja keynesizmu a główny nurt ekonomii, PWN, Warszawa

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.ekon-element-000171227699
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.