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Alternative measures of price inflation and the perception of real income in Germany
Israel, Karl-Friedrich; Schnabl, Gunther - 2020
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
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Alternative measures of price inflation and the perception of real income in Germany
Israel, Karl-Friedrich; Schnabl, Gunther - In: The world economy : the leading journal on … 47 (2024) 2, pp. 618-636
Persistent link: https://www.econbiz.de/10014480949
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Real wages and monetary policy transmission in the euro area
McCallum, Andrew (contributor); Smets, Frank (contributor) - 2007
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10003486502
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Natural equilibrium real interest rate estimates and monetary policy design
Arestis, Philip; Chortareas, Georgios E. - In: Journal of post-Keynesian economics : JPKE 29 (2007) 4, pp. 621-643
Persistent link: https://www.econbiz.de/10003507074
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The effects of monetary-policy shocks on real wages : a multi-country investigation
Normandin, Michel (contributor) - 2006
Persistent link: https://www.econbiz.de/10003395219
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Real Wages and Monetary Policy Transmission in the Euro Area
McCallum, Andrew H. - 2011
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10013117851
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The New Keynesian Phillips Curve in an inflation targeting country : the case of Turkey
Gozgor, Giray - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 7-18
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …
Persistent link: https://www.econbiz.de/10009776331
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Are real wages procyclical conditional on a monetary policy shock?
Ma, Eunseong - 2020
Persistent link: https://www.econbiz.de/10012593780
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Are Real Wages Procyclical Conditional on a Monetary Policy Shock?
Ma, Eunseong - 2020
It is well-known that real wages are procyclical conditional on a monetary policy shock. This paper challenges this conventional view by using a quantitative heterogeneous-agent New Keynesian economy with sticky wages. In the model with benchmark calibration, the wage rate per effective unit of...
Persistent link: https://www.econbiz.de/10014091478
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Quantitative easing in the Euro Area: implications for income and wealth inequality
Stojanović, Dušan - 2023
Persistent link: https://www.econbiz.de/10014371791