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Efficiency Wages and the Real Business Cycle
DANTHINE, Jean-Pierre; DONALDSON, John B. - Départment d'économétrie et d'économie politique … - 1988
Persistent link: https://www.econbiz.de/10005292697
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Procyclical real wages under nominal-wage contracts with productivity variations
Hoehn, James G. - In: Economic Review (1988) Q IV, pp. 11-23
A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a …
Persistent link: https://www.econbiz.de/10005360719
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A business cycle model with nominal wage contracts and government
Cho, Jang-Ok; Phaneuf, Louis - Federal Reserve Bank of Minneapolis - 1993
We incorporate nominal wage contracts and government into a quantitative general equilibrium framework. Thus, our model includes three types of shocks: a fiscal shock, a monetary shock, and a technology shock. We show that it is possible in this type of environment to generate a low correlation...
Persistent link: https://www.econbiz.de/10005372795
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The relation between skill levels and the cyclical variability of employment, hours and wages
Keane, Michael P.; Prasad, Eswar S. - Federal Reserve Bank of Minneapolis - 1991
This paper uses micro data to examine differences in the cyclical variability of employment, hours, and wages for … workers are subject to essentially the same degree of cyclical variation in wages. That is, relative offer wage differentials …
Persistent link: https://www.econbiz.de/10005372850
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On the Cyclicality of Real Wages and Wage Differentials
Otrok, Christopher; Pourpourides, Panayiotis M. - Central Bank of Cyprus - 2011
In this paper we investigate the cyclicality of real wages. The approach we take is to search for the largest possible … that the comovement of real wages can be related to a common factor that exhibits a significant but far from perfect … in the sample and (iii) roughly half of the wages move procyclically while half move countercyclically. These facts are …
Persistent link: https://www.econbiz.de/10009320383
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On The Cyclicality of Real Wages and Wage Di¤erentials
Otrok, Christopher; Pourpourides, Panayiotis M. - Economics Department, University of Missouri - 2011
In this paper we investigate the cyclicality of real wages. The approach we take is to search for the largest possible … that the comovement of real wages can be related to a common factor that exhibits a significant but far from perfect … in the sample and (iii) roughly half of the wages move procyclically while half move countercyclically. These facts are …
Persistent link: https://www.econbiz.de/10009322925
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Regional economy and manufacturing update
Dudley, William - Federal Reserve Bank of New York - 2010
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724980
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Anticipated productivity and the labor market
Chahrour, Ryan; Chugh, Sanjay K.; Potter, Tristan - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 897-934
stock prices even though TFP does not change significantly for more than 2 years. A labor search model in which wages are …‐finding rates. The proposed wage rule is consistent with empirical responses of wages to both anticipated and unanticipated …
Persistent link: https://www.econbiz.de/10014362540
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Regional economy and manufacturing update
Dudley, William - In: Speech (2010) Jul 22
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10008461939
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Post-War Movements in Prices of Primary Products and Manufactured Goods.
Bloch, H.; Sapsford, D. - School of Economics and Finance, Tasmanian School of … - 1991
Persistent link: https://www.econbiz.de/10005663891