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The Inflation-Unemployment Trade-off at Low Inflation

The Inflation-Unemployment Trade-off at Low Inflation »

Volume/Issue: 2009/34

Series: IMF Working Papers

Author(s): Luca Ricci , and Pierpaolo Benigno

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871814.001

ISBN: 9781451871814

Keywords: Phillips curve, downward nominal rigidities, wage, wage inflation, wages, low inflation,

Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a...

The Inflation-Unemployment Trade-off at Low Inflation

The Inflation-Unemployment Trade-off at Low Inflation »

Source: The Inflation-Unemployment Trade-off at Low Inflation

Volume/Issue: 2009/34

Series: IMF Working Papers

Author(s): Luca Ricci , and Pierpaolo Benigno

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871814

Keywords: Phillips curve, downward nominal rigidities, wage, wage inflation, wages, low inflation,

Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a...

Product Market Regulation and the Benefits of Wage Moderation

Product Market Regulation and the Benefits of Wage Moderation »

Volume/Issue: 2005/191

Series: IMF Working Papers

Author(s): Marcello Estevão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

DOI: http://dx.doi.org/10.5089/9781451862102.001

ISBN: 9781451862102

Keywords: Structural change, product market, labor market, reforms, wage, unemployment, employment, unemployment rate, Market Structure and Pricing: General,

Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling...

Product Market Regulation and the Benefits of Wage Moderation

Product Market Regulation and the Benefits of Wage Moderation »

Source: Product Market Regulation and the Benefits of Wage Moderation

Volume/Issue: 2005/191

Series: IMF Working Papers

Author(s): Marcello Estevão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451862102

Keywords: Structural change, product market, labor market, reforms, wage, unemployment, employment, unemployment rate, Market Structure and Pricing: General,

Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues »

Source: Euro Area Policies : Selected Issues

Volume/Issue: 2005/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2005

ISBN: 9781451813029

Keywords: product market, labor market, unemployment rate, labor productivity

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ra...