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Equilibrium unemployment, job flows and inflation dynamics
Trigari, Antonella - 2004
general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …
Persistent link: https://www.econbiz.de/10009636527
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Temporary shocks and unavoidable transitions to a high-unemployment regime
Den Haan, Wouter J. - 2003
This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …
Persistent link: https://www.econbiz.de/10009635968
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Indeterminacy and search theory
Giammarioli, Nicola - 2003
capable to generate business ßuctuations, driven by self-fulÞlling belief, characterised by unemployment persistence. A …
Persistent link: https://www.econbiz.de/10009635902
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Revenue for EMU : a contribution to the debate on fiscal union
Iara, Anna - 2015
Persistent link: https://www.econbiz.de/10010510499
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Price, wage and employment response to shocks
Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - 2010
This paper analyses information from survey data collected in the framework of the Eurosystem’s Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in...
Persistent link: https://www.econbiz.de/10009640395
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How flexible are real wages in EU countries?
Heinz, Frigyes Ferdinand; Rusinova, Desislava - 2011
framework. We find evidence for a reaction of wage growth to unemployment and productivity growth. However, due to unemployment …, we find that part of the heterogeneity in real wage flexibility and unemployment might be related to differences in the …
Persistent link: https://www.econbiz.de/10009640910
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Inter-industry wage differentials in EU countries
Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10009640359
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The determination of wages of newly hired employees
Galuščák, Kamil; Keeney, Mary; Nicolitsas, Daphne; … - 2010
This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests...
Persistent link: https://www.econbiz.de/10009640406
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Inter-industry wage differentials: how much does rent sharing matter?
Caju, by Philip Du; Rycx, François; Tojerow, Ilan - 2009
This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...
Persistent link: https://www.econbiz.de/10009640484
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Gross job flows and institutions in Europe
Gómez-Salvador, Ramón; Messina, Julián; Vallanti, … - 2004
flows. Similarly, countries with higher unemployment benefits and more coordinated wage bargaining systems are characterised …
Persistent link: https://www.econbiz.de/10009636541