Showing 1 - 10 of 15
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
The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...
Persistent link: https://www.econbiz.de/10009640829
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity, not only across but also within product categories. While prices turn out to be perfectly flexible...
Persistent link: https://www.econbiz.de/10009636700
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...
Persistent link: https://www.econbiz.de/10009639401
This paper analyses euro area non-financial corporations (NFC) money demand, both from a macro and a microeconomic point of view. At a macro level, money holdings are modelled as a function of real gross added value, the price level, the long-term interest rate on bank lending to non-financial...
Persistent link: https://www.econbiz.de/10009640283
In this paper we analyse household holdings of the broad monetary aggregate M3 in the euro area from 1991 until 2009. We develop four models, two in nominal, two in real terms, with satisfactory economic and statistical properties. The main determinants are a transactions variable, wealth...
Persistent link: https://www.econbiz.de/10009640302
importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …
Persistent link: https://www.econbiz.de/10009640316
identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are …: i) changes to wages are more synchronized than changes to prices; ii) most wages are defined using inflation as a … yardstick, even though there are no formal rules; iii) the wages of most workers are defined in terms of sector …
Persistent link: https://www.econbiz.de/10009640690