Structural Features of the Eastern European Labor Markets. How hard were the labor markets hit by the world financial crisis?

      Аннотация: The study presents a broad analysis of the labor markets in most of the Eastern European new members of the EU. The central question is: To what extent have the structural characteristics of the labor markets changed in the wake of the recent recessions? The study shows that most of the changes observed in the labor markets had a cyclical nature, however, the results differ significantly with respect to the particular economy. The study aims at both theoretical and professional economists.

Ключевые слова: Financial Crisis, GMM, macroeconomics, business cycle, flows in labor markets, matching model, NAIRU, new keynesian Phillips curve, state-space models, structural unemployment