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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,...
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the 1980s and early 1990s, to a low response some time after inflation targeting was implemented. Canada also observed a …
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multiple dimensions. With key parameters of the model estimated using data from an inflation targeting economy, namely Canada …
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