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Striking a bargain : narrative identification of wage bargaining shocks
Budrys, Žymantas; Porqueddu, Mario; Sokol, Andrej - 2021
sizeable share of aggregate uctuations in unemployment and in ation, that their pass-through to prices is very close to being …
Persistent link: https://www.econbiz.de/10012643284
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How do firms adjust to rises in theminimum wage? : survey evidence from Central andEastern Europe
Bodnár, Katalin; Fadejeva, Ludmila; Iordache, Stefania; … - 2018
in non- labour costs, rises in product prices, and improvements in productivity. Cuts in employment are less popular and …
Persistent link: https://www.econbiz.de/10011779843
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Wage setting in Hungary: evidence from a firm survey
Kézdi, Gábor; Kónya, István - 2011
This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire...
Persistent link: https://www.econbiz.de/10009380424
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Downward wage rigidity in Hungary
Kátay, Gábor - 2011
Following the approach recently developed for the International Wage Flexibility Project (IWFP), the paper presents new estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in Hungary than real rigidity. When compared to other...
Persistent link: https://www.econbiz.de/10009380436
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Consumption response to minimum wages : evidence from Chinese households
Dautovic, Ernest; Hau, Harald; Huang, Yi - 2019
The paper evaluates the impact of the Chinese minimum wage policy on consumption of low-wage households for the period 2002-2009. Using a representative household panel, we find that the consumption response to minimum wage income shock is increasing in the minimum wage share of household income...
Persistent link: https://www.econbiz.de/10012132498
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Inflation volatility in small and large advanced open economies
Mozzanica, Mirco Balatti - 2020
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …
Persistent link: https://www.econbiz.de/10012249671
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Pricing payment cards
Bedre-Defolie, Özlem; Calvano, Emilio - 2009
In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...
Persistent link: https://www.econbiz.de/10003969459
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Quality of public finances and growth
Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - 2005
In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying...
Persistent link: https://www.econbiz.de/10002813412
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …
Persistent link: https://www.econbiz.de/10009635882
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Feeling the heat : extreme temperatures and price stability
Faccia, Donata; Parker, Miles; Stracca, Livio - 2021
affect medium-term inflation, the primary objective of monetary policy. Using panel local projections for 48 advanced and … emerging market economies (EMEs), we study the impact of country-specific temperature shocks on a range of prices: consumer … prices, including the food and non-food components, producer prices and the GDP deflator. Hot summers increase food price …
Persistent link: https://www.econbiz.de/10012705523