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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

Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals

Krolzig, Hans-Martin; Flaschel, Peter - Department of Economics, Oxford University - 2003

Persistent link: https://www.econbiz.de/10010605118

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

Persistent link: https://www.econbiz.de/10005730280

East German unemployment: the myth of the irrelevant labor market

Merkl, Christian; Snower, Dennis J. - 2008

This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …

Persistent link: https://www.econbiz.de/10010277978

Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and the Private Sector

Luechinger, Simon; Meier, Stephan; Stutzer, Alois - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well …

Persistent link: https://www.econbiz.de/10005860475

Minimally altruistic wages and unemployment in a matching model

Rotemberg, Julio J. (contributor) - 2007

This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...

Persistent link: https://www.econbiz.de/10003715729

East German unemployment : the myth of the irrelevant labor market

Merkl, Christian (contributor); … - 2008

This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage … traps. -- Unemployment ; labor market trap ; East Germany …

Persistent link: https://www.econbiz.de/10003732134

Employment and wage adjustments in Euroland's labour market : a bird's eye view

Hofer, Helmut; Pichelmann, Karl - 1999

-setting mechanisms and the cyclicality of unemployment in Euroland. We find that in the 1990s unemployment cyclicality has been higher in … still offer a convincing explanation for a significant part of Euroland's problem of persistently high unemployment. There …. -- unemployment ; wage-setting mechanisms ; European Monetary Union …

Persistent link: https://www.econbiz.de/10009712936

On Wage Formation, Wage Development and Unemployment - The Case of Ireland, Spain and the Netherlands

Peeters, Marga - 2011

In the mid ninetees unemployment substantially decreased in some EMU-countries, notably in Ireland, Spain and the … of unemployment has altered considerably …

Persistent link: https://www.econbiz.de/10013124020

Calvo Wages in a Search Unemployment Model

Bodart, Vincent - 2007

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … unemployment …

Persistent link: https://www.econbiz.de/10012777980