Empirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano. : FB3-2/95-3E
The author uses a linear-quadratic model and attempts to estimate the relative adjustment costs of labour demand as well as its rate of adjustment towards long-run equilibrium. In contrast to others who have examined the dynamic behaviour of labour demand, the author estimates the structural parameters using the Euler equation and employs a limited-information approach that does not require an explicit solution for the model's control variables in terms of the forcing processes.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Empirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano. |
| Series title | Working paper1192-543495-3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "The author uses a linear-quadratic model and attempts to estimate the relative adjustment costs of labour demand as well as its rate of adjustment towards long-run equilibrium. In contrast to others who have examined the dynamic behaviour of labour demand, the author estimates the structural parameters using the Euler equation and employs a limited-information approach that does not require an explicit solution for the model's control variables in terms of the forcing processes."--Abstract. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1995. |
| Binding | Softcover |
| Description | 29p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-23484-7 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Subject terms | Labour market |