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The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation equation of the Area Wide model (AWM) - cf. Fagan, Henry...
Persistent link: https://www.econbiz.de/10009636545
Tarifverhandlungssysteme dargestellt und erörtert sowie die Verbindung zwischen Lohn- und Produktivitätsentwicklungen (in Bezug auf nominale …
Persistent link: https://www.econbiz.de/10010352923
The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes … different systems and levels of minimum wages in Europe at present, carrying out an accounting exercise through a hypothetical …
Persistent link: https://www.econbiz.de/10010352924
National wage-bargaining institutions are crucial in achieving pay outcomes that help to increase employment and economic growth within the context of avoiding macroeconomic imbalances within the European Monetary Union. Using a large set of empirical macroeconomic data from a variety of...
Persistent link: https://www.econbiz.de/10011335318
tourism sector, policy-making issues, and the more general area of sustainable development. The introduction to the study … outlines the process of sustainable tourism. It briefly discusses the effects of the 11th September, and provides a brief … overview of the European tourism industry and its place in the global economy. …
Persistent link: https://www.econbiz.de/10009636111
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