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advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying … wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …
Persistent link: https://www.econbiz.de/10012102142
Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and … growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The … paper also proposes ready-to-use tools for cross-checking euro area wage growth forecasts based on wage Phillips curves …
Persistent link: https://www.econbiz.de/10012063794
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This paper introduces innovative, newly developed forward-looking indicators of negotiated wage growth in the euro area … developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth …
Persistent link: https://www.econbiz.de/10014471099
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We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...
Persistent link: https://www.econbiz.de/10011867116