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Survey Evidence on Wage Rigidity and Unemployment: Sweden in the 1990s

Agell, Jonas; Lundborg, Per - 1999

This study reports the results from a repeat survey among managers in Swedish manufacturing, designed to explore how a severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998, when the unemployment rate was much higher, and the...

Persistent link: https://www.econbiz.de/10010321754

Inflation persistence and the Phillips curve revisited

Karanassou, Marika; Snower, Dennis J. - 2007

A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...

Persistent link: https://www.econbiz.de/10010281029

Heterogeneous households in a sticky-price model

Lee, Jae Won - 2009

This paper introduces heterogeneous households into an otherwise standard sticky-price model with industry-specific labor markets. Households differ in labor incomes and asset markets are incomplete. I show that household heterogeneity affects equilibrium dynamics nontrivially by amplifying...

Persistent link: https://www.econbiz.de/10010282838

China pro-growth monetary policy and its asymmetric transmission

Chen, Kaiji; Higgins, Patrick; Waggoner, Daniel F.; Zha, Tao - 2016

China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, grounded in relevant institutional elements,...

Persistent link: https://www.econbiz.de/10011776819

Monetary policy and credit demand in India and some EMEs

Padit, B. L.; Vashisht, Pankaj - 2011

Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after ruling out the presence of unit roots. The results show that when other determinants, like...

Persistent link: https://www.econbiz.de/10011807662

Price setting and price adjustment in some European Union countries: Introduction to the special issue

Levy, Daniel; Smets, Frank - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10010336066

How Banks Construct and Manage Risk : A Sociological Study of Small Firm Lending in Britain and Germany

Quack, Sigrid - 2012

This paper analyses the role of banks in financing SMEs in Britain and Germany. It applies a sociological institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based on the results of a comparative survey of a sample of...

Persistent link: https://www.econbiz.de/10013102832

Turkey's accession to the EU: What will the Common Agricultural Policy cost?

Grethe, Harald - 2004

accession negotiations with Turkey. Various recent analyses assess the cost of applying the Common Agricultural Policy of the EU … (CAP) to Turkey without taking into account the specific structure of the agricultural sector in Turkey, which would … to Turkey, if Turkey should accede in 2014. The analysis is based on macroeconomic projections from the literature …

Persistent link: https://www.econbiz.de/10010343385

Temporary star or emerging tiger? Turkey's recent economic performance in a global setting

Öniş, Ziya; Bayram, İsmail Emre - 2008

East Asian experience as the principal benchmark for comparison, this paper examines whether Turkey is on its way to …

Persistent link: https://www.econbiz.de/10010273648

Brain drain from Turkey: return intentions of skilled migrants

Güngör, Nil Demet; Tansel, Aysit - 2011

, economic instability in Turkey, prior intentions to stay abroad and work experience in Turkey also increase non-return. Female …

Persistent link: https://www.econbiz.de/10010273650

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