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estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10009380436
Persistent link: https://www.econbiz.de/10001686499
estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10013121445
estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10009348938
This paper discusses perceived benefits and disadvantages of direct inflation targeting for economies in transition in Central Europe. It examines the experience of net inflation targeting in the Czech Republic and of CPI forecast targeting regimes in Poland, providing specific suggestions for...
Persistent link: https://www.econbiz.de/10014159016
for Hungary during the period of the transition (1991-1999). The transmission of monetary policy impulses to macro …
Persistent link: https://www.econbiz.de/10014138380
output gap, the domestic interest rate and the exchange rate for Hungary during the period of the transition (1991-1999). The …
Persistent link: https://www.econbiz.de/10014122455
for Hungary during the period of the transition (1991-99). The transmission of monetary policy impulses to macro variables …
Persistent link: https://www.econbiz.de/10014117685
Persistent link: https://www.econbiz.de/10011548575
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10011449261