Search Results - subject:"Indexation"

Optimal Monetary Policy and Wage Indexation Under Alternative Disturbances and Information Structures

Turnovsky, Stephen J. - 2021

The interdependence between the optimal degree of wage indexation and optimal monetary policy is analyzed for a small …

Persistent link: https://www.econbiz.de/10013249251

Bundling Stress Tolerant Seeds and Insurance for More Resilient and Productive Small-scale Agriculture

Boucher, Stephen; Carter, Michael R.; Flatnes, Jon Einar; … - National Bureau of Economic Research - 2021

Risk often inhibits on-farm investment by smallholder farmers. Recent evidence indicates that index insurance and stress tolerant seeds can separately and partially offset this risk effect. In this study, we explore whether the complementarities between these two risk management technologies can...

Persistent link: https://www.econbiz.de/10012629454

Inflation-linked bonds, nominal bonds, and countercyclical monetary polices

Westerhout, Ed W. M. T. - 2021

Persistent link: https://www.econbiz.de/10012404622

Household debt and monetary policy : revealing the cash-flow channel

Flodén, Martin; Kilström, Matilda; Jósef Sigurdsson; … - In: The economic journal : the journal of the Royal … 131 (2021) 636, pp. 1742-1771

Persistent link: https://www.econbiz.de/10012595147

Republic of Serbia : 2021 Article IV consultation and request for a 30-month policy coordination instrument : press release; staff report; and statement by the Executive Director for Republic of Serbia

Internationaler Währungsfonds - 2021

Recent economic developments. Supported by a large policy package, Serbia's economy rebounded quickly from the initial COVID-19 shock, recording a 1 percent contraction of real GDP in 2020. Job losses have mostly been contained to the informal sector, thanks to policy measures aimed at...

Persistent link: https://www.econbiz.de/10012604207

Time Variation in U.S. Wage Dynamics

Hofmann, Boris; Peersman, Gert; Straub, Roland - 2021

magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary … policy to inflation during the "Great Inflation", and low indexation together with aggressive inflation stabilization of … of the monetary policy rule, but importantly also by the degree of wage indexation and resultant second round effects in …

Persistent link: https://www.econbiz.de/10013316191

How Are Firms’ Wages and Prices Linked : Survey Evidence In Europe

Druant, Martine; Fabiani, Silvia; Kézdi, Gábor; Lamo, Ana - 2021

This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and covering various sectors. Several conclusions are...

Persistent link: https://www.econbiz.de/10013316331

Downward Wage Rigidity for Different Workers and Firms : An Evaluation for Belgium Using the IWFP Procedure

Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - 2021

very low nominal wage rigidity, consistent with the Belgian wage formation system of full indexation. Real rigidity is …

Persistent link: https://www.econbiz.de/10013316725

Inflation-Linked Bonds from a Central Bank Perspective

Garcia, Juan Angel; Rixtel, Adrian A. R. J. M. van - 2021

Inflation-linked bond markets have experienced significant growth in recent years. This growth is somewhat surprising, for inflation-linked bonds cannot be considered a financial innovation and their development has taken place in a period of historically low global inflation and inflation...

Persistent link: https://www.econbiz.de/10013317177

Managing Debt Stability

Missale, Alessandro; Bacchiocchi, Emanuele - 2021

This paper presents a simple model in which debt management stabilizes the debt-to-GDP ratio in face of shocks to real returns and output growth and thus supports fiscal restraint in ensuring sustainability. The optimal composition of public debt is derived by looking at the relative impact of...

Persistent link: https://www.econbiz.de/10013318752