constancy of the key parameters of the wage setting equation is documented, over a considerably longer historical time period … market regulation over long periods has delivered a certain necessary level of coordination of wage and price setting …

workers. In this paper, to capture that the wage setting is highly coordinated in Norway, we model a system of native wages … had a negative effect on the attainable wage growth for natives in all three sectors, but that the largest and most direct … parameters of our model of wage formation. …

workers. In this paper, to capture that the wage setting is highly coordinated in Norway, we model a system of native wages … had a negative effect on the attainable wage growth for natives in all three sectors, but that the largest and most direct … parameters of our model of wage formation. …

the importance of wage rigidities for pass-through. Pass-through also rises with the bargaining power of employees. At the … that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation … extensive margin, expected inflation has little effect on additional wage negotiations. …

importance of wage rigidities for pass-through. Pass-through also rises with the bargaining power of employees. At the extensive … that pass-through—the percentage point change in wage growth given a one percentage point change in expected inflation … margin, expected inflation has little effect on additional wage negotiations. …

mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …

mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …

with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the … cyclical behavior of employment, while an increase in labor's bargaining power also played an important role in deepening and …

This paper introduces staggered right-to-manage wage bargaining into a New Keynesian business cycle model. Our key … shock. When the economy is hit by a neutral technology shock, both price and wage rigidities turn out to be important. …

Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and … substantially overpredicted in 2013-17. This paper summarises the findings of an ESCB expert group on the reasons for low wage … growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The …