the empirical link between wages and CPI inflation in order to identify causality effects and assess the relevance of … wages disappears in a low inflation environment. These findings move in the same direction as most evidence obtained with US …

agreement reinforces the swings in GDP and employment growth but dampens the swings in unemployment and inflation. In contrast …, if the reaction of migration flows to rising and falling labor demand is asymmetric, unemployment might increase over the … with a macroeconometric model show that the agreement mitigated the incidence of labor shortages and stimulated business …