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Downward nominal wage rigidity in Poland
Brzoza-Brzezina, Michal; Socha, Jacek - Narodowy Bank Polski - 2007
rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the …
Persistent link: https://www.econbiz.de/10009641441
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Wage and Price Phillips Curves
Krolzig, Hans-Martin; Flaschel, Peter - Royal Economic Society - RES - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10005022102
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Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Krolzig, Hans-Martin; Flaschel, Peter - Department of Economics, Oxford University - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
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Real Wages and the 'Malthusian Problem' in Antwerp and South-Eastern England, 1400 - 1700: A regional comparison of levels and trends in real wages
Munro, John H. - University of Toronto, Department of Economics - 2006
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
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Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Flaschel, Peter; Krolzig, Hans-Martin - Economics Group, Nuffield College, University of Oxford - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10005730280
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Wage formation under low inflation
Holden, Steinar - Norges Bank - 2004
This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have … happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …
Persistent link: https://www.econbiz.de/10005063116
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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …
Persistent link: https://www.econbiz.de/10005822114
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Wirtschaftswissenschaftliche Fakultät, Universität … - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn�s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005063026
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Skewness and Location of Distributions of Wage Change Rates in the Presence of Downward Nominal Wage Rigidity
Knoppik, Christoph - Wirtschaftswissenschaftliche Fakultät, Universität … - 2007
The skewness-location approach to the analysis of downward nominal wage rigidity in micro data judges the existence of rigidity on the basis of estimated functional relationships between measures of location and of skewness of the distributions of individual rates of wage change in different...
Persistent link: https://www.econbiz.de/10005063031