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Following Germany's lead : using international monetary linkages to identify the effect of monetary policy on the economy

Di Giovanni, Julian (contributor); … - 2005

policy was more independent of Germany. …

Persistent link: https://www.econbiz.de/10002630639

Real and nominal wage rigidities in collective bargaining agreements

Christofidēs, Loizos N. (contributor); … - 2007

anticipated rate of inflation, as well as in adjacent bins. Downward nominal wage rigidities and spikes at zero remain important. …

Persistent link: https://www.econbiz.de/10003595801

Assessing Australian monetary policy in the twenty-first century

Gross, Isaac; Leigh, Andrew - 2022

high during 2016-2019, keeping inflation below the Reserve Bank's target band. Optimal monetary policy in 2016-2019 would …

Persistent link: https://www.econbiz.de/10013373260

A tacit monetary policy of the Gulf countries : is there a remittances channel?

Termos, Ali; Genc, Ismail H.; Naufal, George - 2015

The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of monetary policy, and the adoption of the U.S. dollar as the trading currency for oil. This paper examines how these dynamics result in a misalignment of the U.S. monetary...

Persistent link: https://www.econbiz.de/10010472482

A theory of non-Coasean labor markets

Blanco, Andres; Drenik, Andres; Moser, Christian; … - 2023

We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...

Persistent link: https://www.econbiz.de/10014278008

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …

Persistent link: https://www.econbiz.de/10003227218

Divergence in labour force growth : should wages and prices grow faster in Germany?

Beissinger, Thomas; Hellier, Joël; Marczak, Martyna - 2020

the case of Germany, which has displayed a significantly lower increase in its labour force than its trade partners …

Persistent link: https://www.econbiz.de/10012255659

Wage rigidity and disinflation in emerging countries

Messina, Julián; Sanz de Galdeano, Anna - 2011

more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal … point of wage negotiations from changes in the minimum wage to expected inflation. These regime changes cast doubts on the …

Persistent link: https://www.econbiz.de/10009309697

How rigid are nominal wages? : evidence and implications for Germany

Knoppik, Christoph; Beissinger, Thomas - 2001

find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …

Persistent link: https://www.econbiz.de/10011403751

Identifying functional labour market areas in New Zealand : a reconnaissance study using travel-to-work data

Papps, Kerry L.; Newell, James O. - 2002

To date, analysis of the spatial dimension of New Zealand labour markets has been limited to administrative, rather than appropriately-defined functional, geographic units. This paper presents a preliminary classification of New Zealand into local labour market areas using area unit...

Persistent link: https://www.econbiz.de/10011415728