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Externalities Associated with Nominal Price and Wage Rigidities
Nominal Price Wage Rigidities
2015/8/4
Externalities Associated with Nominal Price and Wage Rigidities.
Differences in Economic Fluctuations in Japan, the U.S. and Europe: The Role of Nominal Rigidities
Economic Fluctuations Nominal Rigidities
2015/8/4
This paper examines the differences between economic fluctuations in the
United States and Japan during the period from 1972 through 1986. During this
period the size of the fluctuations in real out...
Comments on ‘Microeconomic Rigidities and Aggregate Price Dynamics’ by Ricardo Caballero and Eduardo Engle
Microeconomic Rigidities Aggregate Price Dynamics
2015/8/4
Comments on ‘Microeconomic Rigidities and Aggregate Price Dynamics’ by Ricardo Caballero and Eduardo Engle.
The past ten years experienced a boom in research on the behavior of nominal prices using micro data. Economists obtained access to a number of new datasets that have not been previously available. Tw...
The degree of labor market flexibility is especially important for countries considering entry into monetary union. The aim of this article is to assess the extent of wage rigidities in Slovakia. The ...
Wage Rigidities in Western Germany? Microeconometric Evidence from the 1990s
Wages unemployment rigidities identification Germany
2001/7/18
This paper investigates whether and in what sense the west German wage structure has been ‘rigid’ in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-s...