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This Selected Issues paper and Statistical Appendix examines inflation and wage dynamics in Finland. The paper … inflation for 1996:Q1–2001:Q4. The paper examines the determinants of the equilibrium real exchange rate, and also analyzes …
Persistent link: https://www.econbiz.de/10005252725
moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curveâ …€â€”in 20 industrial countries. It reviews euro area and cross-country developments in labor costs and their bivariate … relationship with unemployment rates and business GDP. The paper also examines aspects of the European Central Bank’s monetary …
Persistent link: https://www.econbiz.de/10005591480
This Selected Issues paper and Statistical Appendix analyzes labor market institutions and reforms for Cyprus. The … paper describes the legal and institutional framework of the Cypriot labor market, and discusses the voluntary framework for … negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The …
Persistent link: https://www.econbiz.de/10005598850
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10005281980
€”the ability to sustain competitiveness. Then, a more forward-looking angle is the flexibility of Estonia’s labor and product …
Persistent link: https://www.econbiz.de/10011244007
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10011256618