Showing 1 - 10 of 30,194
affected wages and monetary policy in SEE and CIS during the ongoing economic crisis. Towards that end, a New Keynesian model … unions: in crisis times, weak economy drags wages down in low-unionized countries and monetary policy relaxes in these … drag wages down in crisis times and central banks in these countries are found not to react to economic activity, prices or …
Persistent link: https://www.econbiz.de/10011374356
conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions … questions: First, what have we learnt from the crisis for the conduct of monetary policy? Second, what have we learnt from the … crisis for the coordination of monetary, fiscal and macroprudential policies. And third, how did the Monetary Transmission …
Persistent link: https://www.econbiz.de/10011710723
inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … productivity and inflation as components of future nominal wages. -- Monetary policy ; Taylor rules ; Exchange rate regime …
Persistent link: https://www.econbiz.de/10009503785
One of the main disadvantages of currency boards is the rule-based character of this system and the resulting inflexibility in case of shocks, a frequently recurring event in transition countries. Accordingly, central banks under currency board arrangements (CBA) are unable to respond to...
Persistent link: https://www.econbiz.de/10010498981
Central banks with an exchange rate objective set the interest rate in response to what they call "pressure." Instead, existing interest rate rules rely on the exchange rate minus its target. To stay closer to actual policy, we introduce a rule that uses exchange market pressure (EMP), the...
Persistent link: https://www.econbiz.de/10011479735
and destruction during the period 2003-2012. As local regional-industrial unionisation increases, wages grow. Lay …Do unions promote creative destruction? In this paper we apply a shift-share approach and historical unionisation data … from 1918 to study the impact of changes in regional unionisation on regional wage and productivity growth and job creation …
Persistent link: https://www.econbiz.de/10011925565
wages. This paper also contributes to the wider literature by providing the first estimates of the longitudinal gain (loss …
Persistent link: https://www.econbiz.de/10012162013
union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in … union density lead to substantial increases in firm productivity and wages having accounted for the potential endogeneity of …
Persistent link: https://www.econbiz.de/10011756733
To what extent is labour mobility in the European Union a threat to the strength of unions? We argue that the combination of cheap labour, workforce heterogeneity, and low unionization among labour immigrants' is a potential challenge for unions. The challenge will be particularly severe if...
Persistent link: https://www.econbiz.de/10011895394
Key aspects in economic integrated areas like the EU are both the internationalization of productive activities, which usually occurs in unionized countries, and the ongoing process of labor market integration. In a symmetric two-country duopoly model with integrated product markets, this paper...
Persistent link: https://www.econbiz.de/10011373495