Guimarães, Paulo; Martins, Fernando; Portugal, Pedro - 2017
-agreed bargained wages. With some trepidation, we call this phenomenon upward nominal wage rigidity, in close symmetry with the … Keynesian notion of downward nominal wage rigidity. In this paper we provide evidence that firms that are more heavily affected …In Portugal, as in many other countries in continental Europe, the collective wage agreements between trade unions and …