Series: IMF Working Papers
Author(s): Magda Kandil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2000
Keywords: Wage Flexibility, demand shocks, energy price shocks, productivity shocks, wage, inflation, aggregate demand, wage inflation, real output
This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in...