public wage shock. This effect is found to be temporary and to differ across countries (positive and significant in France …, while no statistically significant effects are detected in case of a cut to public wages. As the public wage containment …

, total factor productivity, the unemployment rate, hours per worker, and inflation, are also important determinants of … private sector wage growth. With respect to public sector wage growth, we find that, in addition to some market related …

as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …", technology shocks in contrast triggered wage-price spirals, moving nominal wages and prices in the same direction at longer … magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary …

and on the tenure-wage profile in a quasi-experimental setting. We consider a reform that introduced unjust …

-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of … structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECs' unemployment presents features of …

alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing …

This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …