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Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN...
Persistent link: https://www.econbiz.de/10011804695
Economic growth of the Czech Republic differed strongly in two periods: 2001-2003 and 2004-2006. While in the first period the average annual rate of growth of GDP reached only 2,7 %, in the second period the growth accelerated to 5,7 %. The economic growth measured by the indicators of real...
Persistent link: https://www.econbiz.de/10008754966
Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...
Persistent link: https://www.econbiz.de/10008509955
. Macroeconomic stability of the Czech economy improved substantially in the fields of inflation, monetary development and foreign …
Persistent link: https://www.econbiz.de/10005036696
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
"Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10010795475
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10010280873
In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European … unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159088
In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European … unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159120
High rates of unemployment entail substantial costs to the working population interms of reduced subjective well … individual panel data for Germany andrepeated cross-sectional data for the United States and the European Union show that … thesensitivity of subjective well-being to fluctuations in unemployment rates is much lower in thepublic sector than in the private …
Persistent link: https://www.econbiz.de/10009025001