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Nominal and real wage rigidities. In theory and in Europe
Knell, Markus - 2010
In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in a standard DSGE model RWR is mainly affected by the interaction of the two nominal rigidities and not by other structural parameters. The degree of RWR is, however,...
Persistent link: https://www.econbiz.de/10009640361
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An area-wide real-time database for the euro area
Giannone, Domenico; Henry, Jérôme; Lalik, Magdalena; … - 2010
This paper describes how we constructed a real-time database for the euro area covering more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available ahead of publication to the Governing Council members before their first meeting of the month. We...
Persistent link: https://www.econbiz.de/10009640414
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Can Labour Market Institutions Explain Unemployment Rates in New EU Member States?
Ederveen, Sjef; Thissen, Laura - 2004
This study poses the question about whether labour market institutions can explain unemployment rates in the ten new … European Union member states. In five out of the ten new member states, unemployment rates lie above the average in the 15 … institutions in the acceding countries are less rigid than in the EU-15. Moreover, labour market institutions explain only a minor …
Persistent link: https://www.econbiz.de/10009636570