Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010
as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …', technology shocks in contrast triggered wage-price spirals, moving nominal wages and prices in the same direction at longer … magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary …