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Wage Flexibility and Economic Performance : Evidence Across Industrial Countries
Kandil, Magda E. - 2000
aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without … exacerbating price inflation or output contraction. Nominal wage inflation decreases in response to productivity shocks …
Persistent link: https://www.econbiz.de/10014399867
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The cyclicality of sales, regular and effective prices : business cycle and policy implications
Coibion, Olivier; Gorodnichenko, Yuriy; Hong, Gee Hee - 2012
Persistent link: https://www.econbiz.de/10009621650
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Wage Contracts, Capital Mobility, and Macroeconomic Policy
Agénor, Pierre-Richard - 1995
with imperfect capital mobility, nominal wage contracts with backward- or forward-looking price expectations, and …
Persistent link: https://www.econbiz.de/10014398713
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The Cyclicality of Sales, Regular and Effective Prices : Business Cycle and Policy Implications
Coibion, Olivier - 2012
We study the cyclical properties of sales, regular price changes and average prices paid by consumers (""effective …
Persistent link: https://www.econbiz.de/10014395698
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Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …
Persistent link: https://www.econbiz.de/10012252736
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Growth Dynamics : The Myth of Economic Recovery
Saxena, Sweta Chaman - 2005
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10014400694
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The potential macroeconomic impact of the unconventional oil and gas boom in the United States
Hunt, Benjamin F.; Muir, Dirk; Sommer, Martin - 2015
Persistent link: https://www.econbiz.de/10011281177
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Uncertainty, financial frictions and nominal rigidities : a quantitative investigation
Cesa-Bianchi, Ambrogio; Fernandez-Corugedo, Emilio - 2017
preserving shock to the variance of aggregate total factor productivity (macro uncertainty) and to the dispersion of …
Persistent link: https://www.econbiz.de/10011748730
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Financial disruptions and the cyclical upgrading of labor
Epstein, Brendan; Finkelstein Shapiro, Alan; González … - 2017
-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …
Persistent link: https://www.econbiz.de/10011704664
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The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States
Hunt, Ben - 2015
.S. energy trade balance will be large, most results suggest that its impact on the overall U.S. current account will be … negligible. The impact outside of the United States will be modestly positive on average, but most countries dependent on energy …
Persistent link: https://www.econbiz.de/10014412123