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Generalized Taylor and generalized calvo price and wage-setting : micro evidence with macro implications
Dixon, Huw; Le Bihan, Hervé - 2010
The Generalized Calvo and the Generalized Taylor model of price and wage-setting are, unlike the standard Calvo and Taylor counter-parts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we...
Persistent link: https://www.econbiz.de/10003984363
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Generalized Taylor and generalized Calvo price and wagesetting : micro evidence with macro implications
Dixon, Huw; Le Bihan, Hervé - 2011
The Generalized Calvo and the Generalized Taylor models of price and wage-setting are, unlike the standard Calvo and Taylor counter-parts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we...
Persistent link: https://www.econbiz.de/10009354655
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Generalized Taylor and Generalized Calvo Price and Wage-Setting : Micro Evidence with Macro Implications
Dixon, Huw David - 2011
The Generalized Calvo and the Generalized Taylor model of price and wage-setting are, unlike the standard Calvo and Taylor counterparts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we develop...
Persistent link: https://www.econbiz.de/10013128261
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Generalized Taylor and Generalized Calvo Price and Wage-Setting : Micro Evidence with Macro Implications
Dixon, Huw David - 2013
The Generalized Calvo and the Generalized Taylor model of price and wage-setting are, unlike the standard Calvo and Taylor counter-parts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we...
Persistent link: https://www.econbiz.de/10013094533
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The end of grand expectations : monetary and financial integration after the crisis in Europe
Dieter, Heribert - 2014
The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
Persistent link: https://www.econbiz.de/10010367480
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Monetary and Financial Integration in EU : Convergence or Divergence?
Sysoyeva, Larysa - 2018
This study explores the analysis of convergence process of EU countries. The analysis shall proceed through three steps. Firstly, we shall describe our position within the theoretical discourse about convergence theory. Then we shall move on to compare the indicators of monetary and fiscal...
Persistent link: https://www.econbiz.de/10012911602
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National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10003866562
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Are labour market structures endogenously dependent on the monetary regime? : empirical evidence from Denmark 1875 - 2007
Abildgren, Kim (contributor) - 2008
The historical experience from the past 100 years or so indicates that parts of the labourmarket structure in Denmark are endogenously dependent on the monetary regime. A credible monetary regime that delivers on the final target of price stability gives a basis for inflation expectations firmly...
Persistent link: https://www.econbiz.de/10003672102
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Labour market regimes and unemployment in OECD countries
Sturn, Simon - 2011 - Version 1.0
Arbeitslosigkeit. Während einige empirische Analysen vor allem Arbeitsmarktinstitutionen für hohe Arbeitslosigkeit verantwortlich … unterschiedlichen Effekt auf die Arbeitslosigkeit, je nach allgemeiner institutioneller Ausgestaltung des Arbeitsmarktes. In einer … erwarteten Einfluss auf die Arbeitslosigkeit zeigt, ist dies in korporatistischen Ländern, charakterisiert durch hohe interne …
Persistent link: https://www.econbiz.de/10009530395
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Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2001
OPTIMThe conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10011397779