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Nominal and real wage rigidities : in theory and in Europe

Knell, Markus - 2010

Persistent link: https://www.econbiz.de/10008650731

Nominal and real wage rigidities : in theory and in Europe

Knell, Markus - In: Journal of macroeconomics 36 (2013), pp. 89-105

Persistent link: https://www.econbiz.de/10009751138

Institutional interactions in open economies : implications for EMU

Knell, Markus - In: Structural reform and economic policy, (pp. 41-65). 2004

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The effects of EMU on Euro area unemployment

Knell, Markus - In: Atlantic economic journal : AEJ 30 (2002) 3, pp. 244-262

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Wage setting and strategic interaction with and without a monetary union

Knell, Markus - In: Focus on Austria (2002) 3, pp. 83-94

Persistent link: https://www.econbiz.de/10001733830

Nominal and real wage rigidities : in theory and in Europe

Knell, Markus - 2010

In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in a standard DSGE model RWR is mainly affected by the interaction of the two nominal rigidities and not by other structural parameters. The degree of RWR is, however,...