This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation … volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …

This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation … volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …

inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how …

inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how …

prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

coordinated wage bargaining systems have a dampening impact on inflation volatility …

prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area. …

Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity …

Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity …