In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … Auswirkungen bei sehr niedriger Inflation nicht zu vernachlässigen sind. Die Ergebnisse dieser Literatur sollten daher bei der …In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …

. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …

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

-run inflation-unemployment tradeoff. …

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 …

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