Showing 81 - 90 of 257
inflation and declining real wages - governments must engage in a transformative agenda and go beyond emergency energy vouchers … a starting point; a permanent policy of automatic adjustment of wages to inflation rates in all member states should be …
Persistent link: https://www.econbiz.de/10014474497
Using the model proposed in Krugman and Taylor's "Contractionary effects of devaluation" (1978), we examine what macroeconomic effects of shocks to foreign prices. We show that these shocks can be contractionary for two reasons: (i) because they imply a loss of income if an economy has a trade...
Persistent link: https://www.econbiz.de/10014474508
wage formation and inflation is used to illustrate this argument. …
Persistent link: https://www.econbiz.de/10014480417
relating unemployment and vacancies to inflation, the link between these labor market indicators and inflation depends on …
Persistent link: https://www.econbiz.de/10014480477
have become frequent and inflation has returned. This raises the question how sector-specific shocks are related to overall … pre-pandemic average price volatilities and the price shocks in the COVID-19 and Ukraine war inflation yield an almost …
Persistent link: https://www.econbiz.de/10014480586
We examine the inflation-hedging properties of various financial assets and portfolios by estimating simple time …-series models of the joint dynamics of each asset-inflation pair, for multiple inflation indices and at horizons from one month to … 30 years. There is no one-size-fits-all approach to inflation hedging: the optimal hedge depends on the particular types …
Persistent link: https://www.econbiz.de/10014480715
inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate … target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they …
Persistent link: https://www.econbiz.de/10010308235
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10010314657
The objective of this paper is to provide an optimizing model of wage and price setting consistent with U.S. data. The paper first investigates the predictions of an optimizing labor supply model for the aggregate nominal wage, taking as given the evolution of prices and quantities. In this part...
Persistent link: https://www.econbiz.de/10010318359
inflation. Taking as given the paths of nominal labor compensation and labor productivity to approximate the evolution of …
Persistent link: https://www.econbiz.de/10010318369