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Downward nominal wage rigidity in Poland
Brzoza-Brzezina, Michal; Socha, Jacek - Narodowy Bank Polski - 2007
rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the …
Persistent link: https://www.econbiz.de/10009641441
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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …
Persistent link: https://www.econbiz.de/10010262566
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How rigid are nominal wages? : evidence and implications for Germany
Knoppik, Christoph; Beissinger, Thomas - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …
Persistent link: https://www.econbiz.de/10011403751
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Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen
Beissinger, Thomas; Knoppik, Christoph - 2003
Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … Auswirkungen bei sehr niedriger Inflation nicht zu vernachlässigen sind. Die Ergebnisse dieser Literatur sollten daher bei der …In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …
Persistent link: https://www.econbiz.de/10010261537
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Wage and Price Phillips Curves
Krolzig, Hans-Martin; Flaschel, Peter - Royal Economic Society - RES - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10005022102
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Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Krolzig, Hans-Martin; Flaschel, Peter - Department of Economics, Oxford University - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
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Endogenous Growth, Downward Wage Rigidities and Optimal Inflation
Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian - 2022
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses …-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change … the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of …
Persistent link: https://www.econbiz.de/10013306762
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Real Wages and the 'Malthusian Problem' in Antwerp and South-Eastern England, 1400 - 1700: A regional comparison of levels and trends in real wages
Munro, John H. - University of Toronto, Department of Economics - 2006
of an inflation, induced primarily by monetary forces, when nominal wages failed to keep pace with the rise in consumer …
Persistent link: https://www.econbiz.de/10005704755
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Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Flaschel, Peter; Krolzig, Hans-Martin - Economics Group, Nuffield College, University of Oxford - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10005730280
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Wage rigidity, institutions, and inflation
Holden, Steinar; Wulfsberg, Fredrik - 2009
legislation, high union density, centralised wage setting and high inflation. …
Persistent link: https://www.econbiz.de/10010264564