This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms …

shocks. This view of the wage channel is deeply entrenched in central banks' views and models of their economies. In this … matching model with right-to-manage wage bargaining, a proper wage channel obtains. Second, accounting for fixed costs … associated with maintaining an existing job greatly magnifies profit fluctuations for any given degree of wage fluctuations …

Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects …

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms …

I describe insights into wage dynamics and downward wage rigidity obtained from more than two hundred interviews with …

lead price-setting firms to negotiate wage rates with their employees. The negotiation of wages substantially increases …

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced … inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how … wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …

lead price-setting firms to negotiate wage rates with their employees. The negotiation of wages substantially increases …

In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in … wage contracts (Calvo vs. Taylor) and about other institutional characteristics of wage-setting (clustering of contracts …, heterogeneous contract length, indexation). I use survey evidence on price- and wage-setting for 15 European countries to calculate …