Showing 1 - 9 of 9
The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...
Persistent link: https://www.econbiz.de/10009024966
results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics … countries as well as five Central and Eastern European countries. The survey results show that the Hungarian labor market, while … institutionally flexible, appears to be surprisingly rigid. The survey evidence points to low turnover and possibly more rigid wages …
Persistent link: https://www.econbiz.de/10009293722
The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...
Persistent link: https://www.econbiz.de/10011067232
Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average …
Persistent link: https://www.econbiz.de/10008597026
This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It … clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending … survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non …
Persistent link: https://www.econbiz.de/10005530667
This paper reports the results of an ad hoc survey on price-setting behaviour conducted in February 2004 among 2 … contracts) and real rigidities (including flat marginal costs and counter-cyclical movements in desired mark-ups). The survey …
Persistent link: https://www.econbiz.de/10005530853
base wages. The results presented in this paper are based on a survey of Irish firms undertaken as part of the Wage … at least some elements of the national wage agreement in place at the time of the survey (Towards 2016). Wage cuts or …
Persistent link: https://www.econbiz.de/10008476136
nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and …
Persistent link: https://www.econbiz.de/10005049561
and private forecasts, as measured by the Survey of Professional Forecasters (SPF). Tests for forecast accuracy and the …
Persistent link: https://www.econbiz.de/10010753739