The Wage Dynamics Network (WDN) is a temporary research network with the main objective of identifying the characteristics of wage dynamics and drawing conclusions from them in monetary policy terms. The paper presents the main findings of this research work. Notably, the intersectoral wage...

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in reproducing the dynamic behavior of an economy following structural shocks is still...

Nach den Ergebnissen des ifo Konjunkturtests dürfte die deutsche Wirtschaft in der ersten Jahreshälfte 1995 das Produktionsergebnis des entsprechenden Vorjahreszeitraums um reichlich 2,5% übertroffen haben. Das gesamtdeutsche Bruttoinlandsprodukt dürfte 1995 und 1996 jeweils um rund 2,5%...