nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage …

degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection … behavior, the fiscal deficit, inflation and the capital stock. Wage controls have been widely advocated as a response to the … capital decumulation and reduce inflation, since wage moderation implies higher government revenues from the profit tax and …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation. …Wage setters take into account the future consequences of their current wage choices in the presence of downward …

monetary overhang can precipitate a large initial real wage shock. To the extent such a shock is not feasible politically …

This Selected Issues paper and Statistical Appendix examines inflation and wage dynamics in Finland. The paper … series. It presents the model and the empirical estimates, and provides an outlook for consumer price index and nominal wage … inflation for 1996:Q1–2001:Q4. The paper examines the determinants of the equilibrium real exchange rate, and also analyzes …

The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT …

before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall …

, through the supply channel, has limited effects on output growth and inflation. Unanticipated currency fluctuations appear … more significant, with varying effects on output growth and price inflation across developing countries. …