The centralised wage agreements have helped to contain inflation. There is evidence that wage increases were more moderate when a central agreement was concluded than in periods when no central agreement was reached. Nevertheless, there is also evidence that centralised wage setting has had some...

Using an ad-hoc survey at the firm level, we investigate the determinants of wage and price-setting practices in Czech firms, the presence and sources of wage rigidity, and reactions of firms to hypothetical shocks. Although the evidence of downward wage rigidity is not widespread, we find...

We investigate the wage-setting behavior of French companies using an ad-hoc survey specifically conducted for this study. Our main results are the following. i) Wages are changed infrequently. 75% of firms change their wages once a year. Wage changes occur at regular intervals during the year...

Using survey-based measures of future U.S. economic activity from the Livingston Survey and the Survey of Professional Forecasters, we study how changes in expectations and their interaction with monetary policy contribute to fluctuations in macroeconomic aggregates. We find that changes in...

This article is based on the results of a survey conducted among 731 Austrian companies and supplements the known macroeconomic facts about the current economic crisis with micro data. While a decline in demand was the main challenge companies faced, they also had to cope with financing problems...

Le marche unique et la monnaie unique constituent des elements complementaires d'une strategie qui doit permettre a l'Union europeenne de mieux faire face aux defis de la globalisation. En effet, l'arrivee de la monnaie unique devrait renforcer certains des effets induits par le programme de...

We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In...

This study examines the effect of market structure variables on stability subject to regulation and supervision variables. The Extreme Bound Analysis (EBA) is employed over a sample of banks operating within the enlarged European Union during the period 2002-2010. The results show an inverse...

We take a broader perspective on the issue of recent price increases in the domestic rice market in Bangladesh. The query that follows is that: what exactly is the nature of competition at different stages of the domestic rice market of Bangladesh? This can be addressed only if we examine the...

On the basis of an in depth analysis of the flow of revenues within the music industry and of the emerging practices, we attempt to understand the logic at play in the current evolution of the structure of the industry. We claim that the record companies used to play a role that was useful for...