In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

found to help rationalizing the hump-shaped response of inflation, without resorting to the counterfactual assumption of …

indexation to past inflation to vary according to the monetary policy regime. We find that the extent of wage indexation is … significantly lower in an inflation targeting regime, in contrast to monetary targeting, exchange rate targeting and policy regimes …

constant inflation. This change has been more pronounced than elsewhere. We argue that this stems from the immigration boom in … 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had not been largely offset by …

conclusions that arise from the model. In the new model, the level and the variability of inflation is higher than in the Calvo … model with no selection effect. Attempting to lower inflation's variability results in a significant increase output …'s variability, without changing inflation's variability much …

, high-wage workers are replaced by young low-wage workers. DNWR may also lead to a positive growth in aggregate wages … because of changes in relative wages. We explore industry data for 19 OECD countries, over the period 1971–2006. We find … legislation, high union density, centralised wage setting and high inflation. …

found to help rationalizing the hump-shaped response of inflation, without resorting to the counterfactual assumption of …

indexation to past inflation to vary according to the monetary policy regime. We find that the extent of wage indexation is … significantly lower in an inflation targeting regime, in contrast to monetary targeting, exchange rate targeting and policy regimes …

This paper estimates the incidence of corporate taxes on wages using a 20-year panel of German municipalities …-shifting opportunities for the incidence of corporate taxes on wages. Moreover, we show that low-skilled, young and female employees bear a …