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Cointegration and structure in Norwegian wage-price dynamics

Gjelsvik, Marit; Nymoen, Ragnar; Sparrman, Victoria - In: Econometrics 8 (2020) 3, pp. 1-15

Wage coordination plays an important role in macroeconomic stabilization. Pattern wage bargaining systems have been common in Europe, but in different forms, and with different degrees of success in terms of actual coordination reached. We focus on wage formation in Norway, a small open economy,...

Persistent link: https://www.econbiz.de/10012696292

Between institutions and global forces: Norwegian wage formation since industrialisation

Nymoen, Ragnar - In: Econometrics 5 (2017) 1, pp. 1-54

This paper reviews the development of labour market institutions in Norway, shows how labour market regulation has been … and prices, unemployment and labour productivity. Impulse indicator saturation is used to achieve robust estimation of … productivity trends in the same way as in countries with very different institutions and macroeconomic development. …

Persistent link: https://www.econbiz.de/10011755357