Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129914
Authors: 
Cavalcanti, Marco Antônio Freitas de Hollanda
Moreira, Ajax Reynaldo Bello
Year of Publication: 
2015
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 2138
Abstract (Translated): 
This exercise contributes to the literature that relates macroeconomic cycle with the labor market, estimating an Favar model to Brazil with four variables - degree of utilization, inflation rate, Selic rate and real exchange rate - and a latent variable that summarizes the state of the labor market, which is represented with the odds of being employed, stay employed and remain unemployed in different demographic groups. The shocks - demand, supply, monetary, foreign exchange and social - are identified, using the signal response of a structural macroeconomic model, the Dynamic Stochastic General Equilibrium (DSGE). The results confirm that the labor market is affected by cycle through the fluctuations of contracts.
Subjects: 
macroeconomic cycle
labor market
heterogeneity
JEL: 
E24
E32
J24
J31
Document Type: 
Working Paper

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