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The standard New Keynesian model suffers from the so-called .macro-micro pricing conflict: in order to match the dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is much longer than what is observed in micro data. Here I...
Persistent link: https://www.econbiz.de/10010745233
nominal wage and price contracts. In this framework, as opposed to the standard New Keynesian model, preset nominal wages need … not have any effect on existing employment relationships. However, staggered bargaining of nominal wages distorts …-zero inflation in response to real shocks, so as to reduce the rigidity of real wages. Quantitatively, the case against price …
Persistent link: https://www.econbiz.de/10010746129
‘Work-life balance’ generally refers to how people may combine paid employment with family responsibilities. The UK government’s attempts to promote work-life balance are connected to wider concerns to maximise labour-force participation and include policies on tax credits, child care and...
Persistent link: https://www.econbiz.de/10011126053
of income inequality in Greece. The results suggest that entrepreneurial income is the most significant contributor to … overall inequality in Greece. It is also shown that there is a weak redistributive impact of taxes and social security …
Persistent link: https://www.econbiz.de/10010928797
: a) taking into account Greece’s present debt ratio, a fiscal adjustment can lead to a contemporaneous increase in the …
Persistent link: https://www.econbiz.de/10010930542
The paper provides a quantitative analysis of the armed confrontation that took place in Greece between the Communist … discussed together with some conclusions for the long term repercussions and the current social discontent in Greece. …
Persistent link: https://www.econbiz.de/10010754017
We examine discrimination against outgroups in the context of the December 2008 riots in Greece after the killing of a …
Persistent link: https://www.econbiz.de/10008635789
Discussion of pensions in Greece displays a paradox: reform is universally acknowledged to be important, urgent and …
Persistent link: https://www.econbiz.de/10008635793
, examining data from the prefectures of Greece. It starts with an extensive exploratory spatial data analysis of a range of socio … statistical tests. Greece presents an interesting case for examination, given its complex nature of spatial disparities and …
Persistent link: https://www.econbiz.de/10005797587
levels of performance in several public policy areas and public policy at large. In the case of Greece, the low level of … policy areas. This paper presents evidence on the implications of the state of social capital in Greece for public policy …
Persistent link: https://www.econbiz.de/10005797588