A new Keynesian framework and wage and price dynamics in the USA
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DOI: 10.1007/s00181-017-1320-8
Abstract: This paper investigates theoretical implications from a new Keynesian model focusing on the labor market, by imposing them as testable restrictions in an estimated vector error correction model on US data from 1982Q3 to 2016Q1.… read more here.
Keywords: wage price; model; dynamics usa; price dynamics ... See more keywords
Cointegration and Structure in Norwegian Wage–Price Dynamics
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DOI: 10.3390/econometrics8030029
Abstract: Wage coordination plays an important role in macroeconomic stabilization. Pattern wage bargaining systems have been common in Europe, but in different forms, and with different degrees of success in terms of actual coordination reached. We… read more here.
Keywords: cointegration structure; wage price; cointegration; wage ... See more keywords