wages covering the entire economy over theperiod 2001-2006 with monthly frequency. We find that the wage flexibility at …%and 7%. On average, wages change less often than consumer prices. Less than onepercent of (nominal) wages are cut... …

how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to … to adverse shocks due to their inability to adjust wages downward. Indeed, minimum wage restrictions were seen to …

system. Real wages and wage inflation emerge as especially persistent following an import price shock, while price inflation …This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized … wages is attributable mainly to unemployment shocks (about 80 percent), whereas variation in the forecast errors of prices …

. Wage growth of job stayers is moderated but still positive; and wages of entrants compared with those of incumbents are no …

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an … important driver of wages, since the wage response to trade is small. Moreover, in line with the Stolper-Samuelson reasoning …

-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …

a special focus on persistence of real wages,wage and price inflation. The analysis is conducted within a structural …This paper investigates the dynamics of aggregate wages and prices in the UnitedStates (US) and the Euro Area (EA) with …, as well as the cointegrating properties of theestimated system. Overall, in the long run, wage and price inflation emerge …

food price shocks on a given set of countries.Secondly, we assess the importance of inflation linkages among countries, by …

, trade unions set wages with national prices in mind, deviatingfrom Cukierman and Lippi (2001) who postulate that wages are … that a monetary union is found to elicit real wages that... …