and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …

Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …

This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … prices within a store: temporary price discounts and differences across similar products. Price changes associated with …

This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … made against demand expansion in Europe on the ground that such a demand expansion would cause only extra inflation with no …

nominal wages. This may be taken as evidence that price inertia is more important empirically than nominal wage inertia. The … wage equation implies that the effect on wage inflation of a permanent increase in unemployment, given prices, is largely …In this paper, I investigate US post war price, wage and employment dynamics by identifying and estimating a price and …

-series data for 21 EU countries from year 1998 to 2007 from various data resources. We provide strong evidence that the price gap … share of ad valorem tax in total excise tax leads to about a 4 to 5 percent increase in the price gap, with a smaller impact …