This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

inequality. Germany is a case in point as it exhibits growing employment figures and growing shares of low pay and non … institutions, the pattern found in Germany shows sequences of de- and re-regulatory reforms of employment protection and increasing … company employment practices where we can observe growing reliance on mechanisms of internal flexibility for the skilled core …

the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …

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

the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a …

the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a …

- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … setting (in which real variables not only affect inflation, but are also influenced by it), standard wage-price staggering … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this persistency …

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …