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We use data on enterprise level from a survey of medium sized and big companies to test for downward nominal wage rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the enterprise is taken into account. However, since this...
Persistent link: https://www.econbiz.de/10005619791
of an inflation, induced primarily by monetary forces, when nominal wages failed to keep pace with the rise in consumer …
Persistent link: https://www.econbiz.de/10005704755
economic growth, the lack of productivity, the high rate of the unemployment, the volatility of the inflation and its impact … interdependence/statistical correlation between inflation and unemployment should be considered. …
Persistent link: https://www.econbiz.de/10010860009
This volume is a collection of articles reprinted from top refereed journals and contains the most influential scholarly papers published by CERGE-EI faculty over the past 20 years. An introduction is by Lubomír Lízal, Associate Professor with Tenure at CERGE-EI and member of the Board of the...
Persistent link: https://www.econbiz.de/10010940911
This paper calculates the NAIRU for the US in a framework that allows inflation and unemployment to be jointly … endogenous. We define the NAIRU as being the component of actual unemployment that is uncorrelated with inflation in the long run …. We use a structural VAR to estimate the NAIRU and core inflation simultaneously and with greater precision than most of …
Persistent link: https://www.econbiz.de/10010944929
consumption and inflation thresholds are estimated; and e) Germany successfully passed through the European recession by sharply …We specify a VEC model based on six main macroeconomic imbalances to explain the Great European Recession, in Germany …, France, Spain and Italy, from 1999 to 2013, estimating their long-term relationships. We focus on employment and unemployment …
Persistent link: https://www.econbiz.de/10011277371
infrastructure and its relation to the right to decent work, GDP, inflation and the unemployment rate is the pillar on which this …
Persistent link: https://www.econbiz.de/10011260387
Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase … uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the … interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …
Persistent link: https://www.econbiz.de/10005087023
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are … curve. This Phillips curve is characterized by a negative relation between inflation and unemployment and their synchronous … evolution: UE(t) = -0.94p(t) + 0.045. Effectively, growing unemployment has resulted in decreasing inflation since 1982. A …
Persistent link: https://www.econbiz.de/10005260050
structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …
Persistent link: https://www.econbiz.de/10009216353