determinants of key provisions of contracts such as their duration and indexation clauses. Econometric techniques, which account … for the interaction between duration and indexation, as well as the latent nature of the elasticity of indexation are used … as exceptionally low inflation and substantial fluctuations in nominal and real uncertainty, is used to study the …

A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD … evidence for floors on nominal wage growth at 6 percent and lower in the 1970s and 1980s, at one percent in the 1990s, and at 0 …

of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous …

and employment protection tend to inflate the real exchange rate. We then carry out an econometric estimation for European …