The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable …

This paper presents estimates based on individual data on downward nominal and real wage rigidities for thirteen … Wage Flexibility Project, whereby resistance to nominal and real wage cuts is measured through departures of observed … countries with rather centralised wage formation reduces the degree of real wage rigidity. This finding suggests that some …

nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and …

composition, competition, technology and wage-bargaining institutions. We adopt the measure of downward real wage rigidity (DRWR …

This paper evaluates the extent of downward nominal and real wage rigidity for different categories of workers and … very low nominal wage rigidity, consistent with the Belgian wage formation system of full indexation. Real rigidity is … in Belgium over the period 1990-2002. Our results show that Belgium is characterised by strong real wage rigidity and …

nominal price stickiness. In order to obtain this result, we need very large real rigidities either in the form of a huge … discuss how this assumption can help to reduce the estimated nominal price stickiness. Furthermore, we show that a Taylor …

productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple …In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We … analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic …

distributions below the median. Indeed, we find evidence of both downward nominal and real wage rigidities. We also find that the …

and intermediate goods and imperfect pass-through in these sectors. Sticky nominal prices and wages are modeled in a Calvo …