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worsens. Moreover, robust results across the regression scenarios show that higher employment protection and minimum wages …
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advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying …Wage rises have remained stubbornly low in advanced Europe in recent years, but, at the same time, newer EU members are … greater inertia in nominal wage rises in advanced Europe. In the years after the global crisis, this inertia contributed to …
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Recent literature has emphasised that the degradation of nature can have significant implications for central banks in delivering on their mandates. While the primary and most effective actors to address the nature crisis are governments and legislators, central banks will also need to take into...
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