Labour market flexibility: what does Banque de France research tell us?.

In the euro area, nominal wage rigidities and the speed of disinflationary policy seem to be determinants of the “sacrifice ratio”. In France, wage changes are fairly frequent but largely predetermined, which creates rigidity; by contrast, they seem to be governed more by in-house agreements than by industry-wide agreements.

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Year of publication:	2007
Authors:	Pfister, C.
Published in:	Quarterly selection of articles - Bulletin de la Banque de France. - Banque de France. - 2007, 10, p. 79-93
Publisher:	Banque de France
Subject:	flexibility \| labour market \| monetary policy \| sacrifice ratio \| structural policies \| wage bargaining

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Extent:	application/pdf
Type of publication:	Article
Classification:	C5 - Econometric Modeling ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; J08 - Labor Economics Policies ; J3 - Wages, Compensation, and Labor Costs
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009283327