Price versus productivity-indexing is considered in a model of monetary policy with incomplete information and wage bargaining. In a perfectly price-indexed economy, the inflationary bias due to lack of credibility is eliminated. However, productivity-indexing is more appropriate to dampen macroeconomic ...
Define Money Wage. Money Wage synonyms, Money Wage pronunciation, Money Wage translation, English dictionary definition of Money Wage. pl n economics wages evaluated with reference to the money paid rather than the equivalent purchasing power. Also calle
Sectoral wage growth and inflation. Assesses whether changes in nominal wage growth in one industry have any implications for future inflation. Two sector model of a profit-maximizing firm; A... Rissman,R Ellen - 《Economic Perspectives》 被引量: 16发表: 1995年 Price level versus inflation rat...
Wage Indexation Bargaining and Inflation Price versus productivity indexing is considered in a model of monetary policy with wage bargaining. The wage-indexing rule is negotiated in a first stage ... F Drudi,R Giordano - 《Social Science Electronic Publishing》 被引量: 8发表: 1996年 加载更多...
U.S. inflation rate versus wage growth 2020-2024 Economy U.S. minimum wage: real and nominal value 1938-2024 Residential Real Estate Hourly wages needed to afford a two-bedroom apartment in the U.S. 2024, by state Access all statistics starting from$1,788 USDyearly* ...
Exchange Rate Pass-Through and Domestic Inflation: A Comparison between East Asia and Latin American Countries Currency crises, accompanied by large devaluation, tend to have significant impacts on the domestic economy. If the exchange rate also depreciates in real terms, the economy can take advanta...
We observe that money wage and price level are not only rigid but also flexible in different business cycles. For example, there are inflationary recessions (e.g., oil crisis in U.S.) versus deflationary recessions (e.g., Great Depression between 1929 and 1933) as well as price rigidity ...
RISK AVERSIONMIGRANTSITALYPrice versus productivity indexing is considered in a model of monetary policy with wage bargaining. The wage-indexing rule is negotiated in a first stage of the game between government, union and firm.Drudi, FGiordano, R...
U.S. inflation rate versus wage growth 2020-2024 U.S. monthly average hourly earnings for all employees 2011-2024 U.S. monthly average hourly earnings nonfarm payroll employees 2022-2024 Discover Statista Statista Search Statista Search Need help with using Statista for your research? Tutorials...
There is more to the history of macroeconomics than a series of bilateral conflicts between competing schools of thought, but such debates have been a significant part of the story. Most recently the competing schools have worn the labels ‘New-classical