In this paper the issue of causality between wages and prices in R. Macedonia has been tested. OLS relationship between … prices and wages is positive; productivity is not significant in determination of prices or wages too. Engle-Granger test …

This article provides evidence about the interrelationships between wages and prices at the microeconomic level. We … magnitude of wage changes strongly depends on macroeconomic variables, namely inflation and unemployment, and to a lesser extent … production and the industry level inflation, have a weaker influence …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and … rigid nominal wages. The paper shows that, when nominal wages are fully flexible and pass-through is low to moderate, the … stabilize nominal wages. The results of the paper suggest that, by committing to a common monetary policy in a common …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

Mexico in the period 1996-2011, which was characterized by a reduction in the level and volatility of inflation. Our results … downward nominal wage rigidities seems to have increased slightly as inflation decreased, as found in studies for some other … countries that achieved a lower and more stable inflation. …