Results 11 to 20 of about 231,913 (277)

Wage indexation and the monetary policy regime [PDF]

Journal of Macroeconomics, 2014
Abstract We estimate a New Keynesian wage Phillips curve for a panel of 24 OECD countries and allow the degree of wage indexation to past inflation to vary according to structural characteristics. We find that the degree of wage indexation is significantly lower for countries with an inflation target. However, this effect vanishes when we control for
Selien De Schryder, Gert Peersman, Joris Wauters   +2 more
openaire   +6 more sources

Nominal Wage Flexibility, Wage Indexation and Monetary Union [PDF]

The Economic Journal, 2002
Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than nonmembership. For example, entry into a monetary union may cause a move from a non-indexation to an indexation equilibrium. But more wage flexibility is only an imperfect substitute for an own monetary
Calmfors, Lars, Johansson, Åsa
core   +9 more sources

Wage Indexation And Political Cycles [PDF]

, 1996
If the wage indexation rate is chosen discretionarily, a Left hand government lowers it in order to increase the output effects of surprise inflation, while a Right hand government prefers high indexation. These choices magnify the differences between the inflation rates preferred by the two parties. When binding commitments before the signature of the
Scorcu, Antonello Eugenio
openaire   +5 more sources

The Inflationary Impact of Wage Indexation [PDF]

, 2003
It is an open question whether and how indexed wage contracts reduce welfare or raise average inflation. This paper analyzes the impact of indexed wage contracts on inflation and social welfare in a Barro-Gordon model with discretionary monetary policy by endogenizing social costs of indexation.
Heinemann, Frank
openaire   +5 more sources

Ambiguity aversion and the absence of wage indexation [PDF]

Journal of Monetary Economics, 2004
This paper analyzes optimal wage contracting assuming agents are not subjective expectedutility maximizers but are, instead, ambiguity (or uncertainty) averse decision makers whomaximize Choquet expected utility. We show that such agents will choose not to include anyindexation coverage in their wage contracts even when inflation is uncertain, unless ...
Tallon, Jean-Marc, Mukerji, Sujoy
openaire   +8 more sources

Regulating of the payment for labor of the foreign countries and in Ukraine is according to the international standards

Проблеми Законності, 2016
It is given special attention to the effective state policy conducting in the sphere of the payment for labor. Generalized experience of the payment for labor of foreign countries according to international standards has been considered and the modern ...
Олександра Валентинівна Гаєвая
doaj   +1 more source

Copertura delle retribuzioni e inflazione a tasso variabile (Coverage of wages and inflation rate variable)

Moneta e Credito, 2014
In his latest work on indexing of wages L. Spaventa critically reviewed various contributions with the aim of both reiterating some of his previous conclusions and extending the analysis.
R. FILOSA, I. VISCO
doaj   +1 more source

Family/children cash benefits in Serbia: The analysis and policy recommendations [PDF]

Stanovništvo, 2014
Around 400 thousand children in Serbia are covered with cash-benefits targeting poor children representing 31.7% of the total number of children in 2011. Additionally, around 60 thousand families receive birth grants that is more than 90% of the
Matković Gordana, Mijatović Boško, Stanić Katarina   +2 more
doaj   +1 more source

Endogenous wage indexation and aggregate shocks [PDF]

Journal of Macroeconomics, 2014
Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past inflation, a finding that is at odds with the assumption of constant indexation parameters in most New-Keynesian DSGE models. We build a DSGE model with endogenous wage indexation in which utility maximizing workers select a wage indexation ...
Julio A. Carrillo, Gert Peersman, Joris Wauters   +2 more
openaire   +5 more sources

Inflazione ed indicizzazione delle retribuzioni in Italia. (Inflation and wage indexation in Italy)

Moneta e Credito, 2013
Il presente documento ripercorre l'evoluzione dell'inflazione in Italia per tutto il periodo seguente la seconda guerra mondiale , con particolare attenzione per la sua relazione con il costo del lavoro , produttività e prezzi all'importazione .
A. FAZIO
doaj   +1 more source