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In this paper we investigate the quantitative importance of e fficiency wages in explaining fluctuations in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with unobservable workers e ort by employers and wage...
Persistent link: https://www.econbiz.de/10011739205
In this paper, the stock price-inflation nexus is investigated using the tools of wavelet power spectrum, cross … inflation. Our results suggest that for a frequency band between sixteen and thirty two months, there is some evidence of the … stock prices have not played any role as an inflation hedge. …
Persistent link: https://www.econbiz.de/10010631241
unemployment rate is the behaviour of outflow to employment. In addition, this flow is found to be procyclical, while the …
Persistent link: https://www.econbiz.de/10008468133