Verfügbarkeit: Wage-Price Setting in New EU Member States

Wage-Price Setting in New EU Member States:

This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages....

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1. Verfasser:	Goretti, Manuela (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2008
Schriftenreihe:	IMF Working Papers Working Paper No. 08/243
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor productivity growth, are mostly explained by real wage catch-up from different initial levels and different labor market conditions. Qualitative evidence also suggests that public sector wage demonstration effects and institutional factors may play a role in wage determination
Beschreibung:	1 Online-Ressource (24 p)
ISBN:	1451871015 9781451871012

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spelling	Goretti, Manuela Verfasser aut Wage-Price Setting in New EU Member States Goretti, Manuela Washington, D.C International Monetary Fund 2008 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/243 This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor productivity growth, are mostly explained by real wage catch-up from different initial levels and different labor market conditions. Qualitative evidence also suggests that public sector wage demonstration effects and institutional factors may play a role in wage determination Online-Ausg http://elibrary.imf.org/view/IMF001/09657-9781451871012/09657-9781451871012/09657-9781451871012.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Goretti, Manuela Wage-Price Setting in New EU Member States
title	Wage-Price Setting in New EU Member States
title_auth	Wage-Price Setting in New EU Member States
title_exact_search	Wage-Price Setting in New EU Member States
title_exact_search_txtP	Wage-Price Setting in New EU Member States
title_full	Wage-Price Setting in New EU Member States Goretti, Manuela
title_fullStr	Wage-Price Setting in New EU Member States Goretti, Manuela
title_full_unstemmed	Wage-Price Setting in New EU Member States Goretti, Manuela
title_short	Wage-Price Setting in New EU Member States
title_sort	wage price setting in new eu member states
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