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Fixed wage contracts and monetary non-neutrality

Björklund, Maria; Carlsson, Mikael; Nordström Skans, Oskar - 2019

We study the importance of wage rigidities for the monetary policy transmission mechanism. Using uniquely rich micro data on Swedish wage negotiations, we isolate periods when the labor market is covered by fixed wage contracts. Importantly, negotiations are coordinated in time but their...

Persistent link: https://www.econbiz.de/10012182830

Hemlock for policy response: Monetary policy, exchange rates and labour unions in SEE and CIS during the crisis

Jovanovic, Branimir; Petreski, Marjan - 2012

wages and monetary policy in South-East Europe and the Commonwealth of Independent States, with a particular focus on the …

Persistent link: https://www.econbiz.de/10012311493

Credit supply, firms, and earnings inequality

Moser, Christian; Saidi, Farzad; Wirth, Benjamin; … - 2021

relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … higher-paid workers see a relative decline in wages. Between firms, wages fall by more at initially higher-paying employers …

Persistent link: https://www.econbiz.de/10012603367

Inflation as Redistribution. Creditors, Workers, Policymakers

Bichler, Shimshon; Nitzan, Jonathan - 2023

This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and the way in which monetary policy affects this process. In his 2023 paper, ‘Inflation! The Battle Between Creditors and Workers’, Fix shows, first, that the impact of U.S....

Persistent link: https://www.econbiz.de/10014001208

Energiepreise, Inflation und Stagflation: Lehren vom Ölpreisschock und der Inflationswelle der 1970er Jahre

Heine, Michael; Herr, Hansjörg - 2023

enforces full compensation of price shocks through higher wages leads to high inflation and ultimately to harsh restrictive … price level shock, which moderately raises nominal wages and aims for stronger wage increases for employees with low wages …

Persistent link: https://www.econbiz.de/10014331142