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Price and wage setting in Portugal: learning by asking

Martins, Fernando - European Central Bank - 2011

: i) changes to wages are more synchronized than changes to prices; ii) most wages are defined using inflation as a …

Persistent link: https://www.econbiz.de/10008922895

Wages, labor or prices: how do firms react to shocks?

Dhyne, Emmanuel; Druant, Martine - European Central Bank - 2010

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

Persistent link: https://www.econbiz.de/10008597026

Institutional features of wage bargaining in 23 European countries, the US and Japan

Du Caju, Philip; Gautier, Erwan; Momferatou, Daphne; … - European Central Bank - 2008

some form of indexation mechanism which affects wages. Cluster analysis identifies three country groupings of wage …

Persistent link: https://www.econbiz.de/10005344868

How are firms’ wages and prices linked: survey evidence in Europe

Druant, Martine; Fabiani, Silvia; Kezdi, Gabor; Lamo, Ana; … - European Central Bank - 2009

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/10005049561

Nowcasting inflation using high frequency data

Modugno, Michele - European Central Bank - 2011

This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than … accurate estimates of inflation for the current and followings months. In particular, this paper uses the Weekly Oil Bulletin …

Persistent link: https://www.econbiz.de/10008917863

Understanding and forecasting aggregate and disaggregate price dynamics

Bermingham, Colin; D’Agostino, Antonello - European Central Bank - 2011

The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead construct forecasts of its components and then sum these component forecasts. Notwithstanding some underlying theoretical results, it is generally accepted that forecast aggregation is...

Persistent link: https://www.econbiz.de/10009228752

Technology, utilization and inflation: what drives the New Keynesian Phillips Curve?

McAdam, Peter; Willman, Alpo - European Central Bank - 2011

inflation”. We start from a careful modeling of optimal price setting allowing for non-unitary factor substitution, non …-stickiness estimates than otherwise and suggests a more balanced weight of backward and forward-looking inflation expectations than … commonly found. Our results challenge existing views of inflation determinants and have important implications for modeling …

Persistent link: https://www.econbiz.de/10009276059

Feedback to the ECB's monetary analysis: the Bank of Russia's experience with some key tools

Ponomarenko, Alexey; Vasilieva, Elena; Schobert, Franziska - European Central Bank - 2012

for inflation and for real economic development. JEL Classification: E41, E52, E58 …

Persistent link: https://www.econbiz.de/10010686786

Energy markets and the euro area macroeconomy

European Central Bank; Task Force of the Monetary … - 2010

impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …

Persistent link: https://www.econbiz.de/10010688316

Energy markets and the euro area macroeconomy

European Central Bank; Task Force of the Monetary … - 2010

impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …

Persistent link: https://www.econbiz.de/10008602651