This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the … variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to fire less in … recessions and hire less in booms causing wage costs to fluctuate less cyclically than output, thus inducing variability and …

This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the … variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to fire less in … recessions and hire less in booms causing wage costs to fluctuate less cyclically than output, thus inducing variability and …

euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … einzelwirtschaftlichen Investitionsverhaltens in den vier größten Ländern des Euro-Währungsraums (Deutschland, Frankreich, Italien und …

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …