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deutschen Arbeitskosten in der Frühphase der Wirtschaftskrise, verursacht durch Arbeitszeitverkürzung und Kurzarbeit, hat sich …Deutschland liegt bei den Arbeitskosten für die Privatwirtschaft mit 29 Euro pro Arbeitsstunde weiterhin im Mittelfeld … der EU-Staaten - an siebter Stelle. Auch 2009 sind die Arbeitskosten in der Bundesrepublik mit einem Plus von 2 …
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Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …
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Two popular inflation indicators commonly monitored by analysts are the pace of real economic activity and the rate of … of growth of labor costs exceeds the trend rate in labor productivity, then inflation will accelerate. These beliefs … derive from the “price markup hypothesis” implicit in the Phillips curve view of the inflation process. This view assumes …
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The recent development in the Slovak economy erased a significant competitive advantage of manufacturing - low labour cost. The paper analyses the driving factors of rising unit labour costs in the manufacturing sector. The paper aims to explain why the unexpectedly rapid loss of traditional...
Persistent link: https://www.econbiz.de/10012794980
Over the past decades, models of circular and cumulative causation, based on the endogenous relations between prices, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of counterbalancing mechanisms, the combination of...
Persistent link: https://www.econbiz.de/10014581460