data and, so, too volatile inflation. Models with wage stickiness and right-to-manage bargaining, or with firm …This paper reviews recent approaches to modelling the labour market, and assesses their implications for inflation … consider the following modelling set-ups: right-to-manage bargaining versus efficient bargaining, wage stickiness in new and …

Austria, Italy, the Netherlands, Sweden, Switzerland, and the United States as a function of inflation and the change in labor … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …

The current economic theory and practice highlights the fact that between inflation and unemployment, two macroeconomic … into consideration these aspects, we aim to present a theoretical and empirical view on the relationship between inflation … type relation between the inflation rate and the unemployment rate. The results of this research show that, in Romania, in …

responses whereas employment subsidies weaken them. The tax instruments affect the degree to which the wage absorbs shocks. We …

avoids excessive tightening of the labor market for expanding firms.This keeps wage pressures low, thus further increasing …

market flows to more realistic values.However, inflation dynamics are only weakly affected by real wage rigidity.This is …We explore the role of real wage dynamics in a New Keynesian business cycle model with search and matching frictions in … inflation and labor market dynamics.In particular, it fails to generate a Beveridge curve: vacancies and unemployment are …

micro-founded structural relationship between wage inflation and the unemployment rate under a sticky wage framework using …We present an empirical analysis on the New Keynesian Wage Phillips Curve (NKWPC), which is derived by Gali (2011) as a … than in the US. Inflation indexation plays a key role in the US, but is less important in Japan. Rolling estimations …