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Die vorliegende Dissertation leistet einen Beitrag zur gegenwärtigen Diskussion um nach unten starre Nominallöhne. Die Arbeit besteht aus drei eigenständigen Aufsätzen. Der erste Aufsatz, Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne: Eine Untersuchung für den deutschen...
Persistent link: https://www.econbiz.de/10009450184
interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … staggered wage contracts with time discounting), the price adjustments to each successive change in the money supply are never … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10009441372
This paper shows that wage-unemployment elasticities derived from estimated wage curves and Phillips curves may be critically dependent on the measurement of wages. Incorporating hourly wage earnings, that include the influence of overtime payments, can lead to seriously distorted results....
Persistent link: https://www.econbiz.de/10009465891
This dissertation studies the question of nonlinearities in the Phillips curve relationshipin France, Germany and Italy. The implications from the theoretical models are that themechanisms that make the Phillips curve nonlinear can work through different channels.Therefore, this thesis not just...
Persistent link: https://www.econbiz.de/10009471618
share version of the new-Keynesian Phillips curve is a very poor model of price inflation. We conclude that there is little …
Persistent link: https://www.econbiz.de/10009475720
The subject of the article is the relationship between unemployment and wages at the regional level in the Czech Republic in the period 2003-2010. The aim of the authors was to verify the construction possibility and validity of regional wage and Phillips curves both in the regions and at the...
Persistent link: https://www.econbiz.de/10011315861
Este documento analiza la información contenida en medidas alternativas de expectativas de inflación —incluidas las obtenidas a partir de consumidores, empresas, expertos y mercados financieros—, en el contexto de curvas de Phillips de economía abierta. Adoptando una aproximación...
Persistent link: https://www.econbiz.de/10012523777
Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly synchronised across countries, especially in the euro area...
Persistent link: https://www.econbiz.de/10012524475
and downgrading of technology. Firms with larger market shares find optimal to dampen the response of their price changes …
Persistent link: https://www.econbiz.de/10012525509
Summary of Banco de España Working Paper no. 2106
Persistent link: https://www.econbiz.de/10012526623