Christoffel, Kai; Costain, James; De Walque, Gregory - 2009
relationship between wages, labour costs and prices both at the firm
and macro-economic level.
The WDN is chaired by Frank … signi�cantly above its steady state, that in�ation rises, that wages per employee also
rise but by less than output (in … e�ect of wage negotiations being
staggered, with wages �xed for some time and what happens when we, additionally, tie …