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coordinated wage bargaining systems have a dampening impact on inflation volatility. -- Business Cycles ; Inflation ; Labor Market …
Persistent link: https://www.econbiz.de/10003831754
We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...
Persistent link: https://www.econbiz.de/10003831747
This study looks at real estate price booms and busts in industrialised countries. It identifies major and persistent …
Persistent link: https://www.econbiz.de/10003867077
. The relative price of capital and the reallocation of capital are the key variables in explaining the relation between …
Persistent link: https://www.econbiz.de/10003456411
Persistent link: https://www.econbiz.de/10011448516
Persistent link: https://www.econbiz.de/10002125226
To analyze the international transmission of business cycle fluctuations, we propose a new multilevel dynamic factor model with a block structure that (i) does not restrict the factors to being orthogonal and (ii) mixes data sampled at quarterly and monthly frequencies. By means of Monte Carlo...
Persistent link: https://www.econbiz.de/10012305394
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and … statedependent price adjustment. Most importantly, the differences in "unconditional" sectoral price flexibility are found to be …
Persistent link: https://www.econbiz.de/10003358589
, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices … through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for …
Persistent link: https://www.econbiz.de/10014490358
that movements in import price inflation affect CPI inflation while the impact of movements in the common component of the …-commodity import price inflation have held down overall inflation in many countries in recent years whereas commodity import price …We examine the global dimension of inflation i n 24 OECD countries between 1980 and 2007 in a traditional Phillips …
Persistent link: https://www.econbiz.de/10003831786