Search Results for downward wage rigidities

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Wage setters take into account the future consequences of their current wage choices in the...

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage...

This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel...

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on...

In recent years, many countries have successfully reduced their inflation rates to relatively low...

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that...