Learning about wage and price mark-ups in euro area countries
"In this paper we show that higher flexibility, measured by lower wage and price mark-ups leads to reduced inflationary pressures, increase in competitiveness, and higher output. A rational expectation and a learning version of the ECB’s New Multi-Country Model are used to understand plausible...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Frankfurt am Main
2013
ECB |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19129255124919474379-Learning-about-wage-and-price-.htm |
