Search Results for: Nominal Wage Rigidity In The Eu Countries Before And After The Great Recession

This paper studies the recent trends in nominal wage rigidity in a large group of EU countries, using survey data. We analyse two forms of nominal wage rigidity

In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. I show that this feature impl

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi