The importance of wages in the analysis and forecasting of macroeconomic developments needs no emphasis. Nominal wage inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour and for other factors of production. More generally, the way in...

The increase of emerging market economies in international trade and rapid rise in global trade intensity over the past three decades has been accompanied by growing, regionally concentrated, discontent with trade in advanced OECD countries. One of the main concerns is the negative effects of...

Hartwig (2008) has presented empirical evidence that the difference between real wage growth and productivity growth at the macroeconomic level is a robust explanatory variable for deflated health-care expenditure growth in OECD countries. In this paper, we test whether this finding is robust to...