01759cas a2200253 a 4500 AALejournalIMF015099 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484360569 1018-5941 BD-DhAAL BD-DhAAL Yakhin, Yossi. A Stock-Flow Accounting Model of the Labor Market : An Application to Israel / Yossi Yakhin, Natalya Presman. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR system. The estimation allows for decomposing fluctuations to their cyclical and structural components. The model is applied to the Israeli economy. The estimates suggest that non-cyclical factors account for at least half of the decline of the unemployment rate during the period between 2004-Q1, when unemployment peaked at 10.9 percent, and 2011-Q4, when it marked a trough at 5.4 percent; suggesting a shift inward of the Beveridge curve. Mode of access: Internet Presman, Natalya. IMF Working Papers; Working Paper ; No. 2015/058 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/058/001.2015.issue-058-en.xml IMF e-Library