in non-labour costs, rises in product prices, and improvements in productivity. Cuts in employment are less popular and …

limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers' social security …This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government …

This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized … system. Real wages and wage inflation emerge as especially persistent following an import price shock, while price inflation … wages is attributable mainly to unemployment shocks (about 80 percent), whereas variation in the forecast errors of prices …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

sizeable share of aggregate uctuations in unemployment and in ation, that their pass-through to prices is very close to being …

in non- labour costs, rises in product prices, and improvements in productivity. Cuts in employment are less popular and …