A Global Assessment of the Degree of Price Stickiness - Results from the NBB Business Survey

Dhyne, Emmanuël

doi:10.2139/ssrn.1683926

Cited by 47 publications

References 152 publications

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Downward Nominal And Real Wage Rigidity: Survey Evidence From European Firms

Babecký¹,

Caju²,

Κοσμά³

et al. 2010

Policy Research Working Papers

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Wage Dynamics NetworkThis paper contains research conducted within the Wage Dynamics Network (WDN). The WDN is a research network consisting of economists from the European Central Bank (ECB) and the national central banks (NCBs) of the EU countries. The WDN aims at studying in depth the features and sources of wage and labour cost dynamics and their implications for monetary policy. The specific objectives of the network are: i) identifying the sources and features of wage and labour cost dynamics that are most relevant for monetary policy and ii) clarifying the relationship between wages, labour costs and prices both at the firm and macro-economic level.The refereeing process of this paper has been co-ordinated by a team composed of Gabriel Fagan (ECB, Bihan (Banque de France) and Thomas Mathä (Banque centrale du Luxembourg).form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the author's own and do not necessarily reflect those of the ESCB.The paper is released in order to make the results of WDN research generally available, in preliminary The WDN is chaired by Frank Smets (ECB). Giuseppe Bertola (Università di Torino) and Julián Messina chairperson), Philip Vermeulen (ECB), Giuseppe Bertola, Julián Messina, Jan Babecký (CNB), Hervé Le (World Bank and University of Girona) act as external consultants and Ana Lamo (ECB) as Secretary. ECB Working Paper Series No 1105November 2009 Abstract 4 Non-technical summary 5

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Downward Nominal And Real Wage Rigidity: Survey Evidence From European Firms

Babecký¹,

Caju²,

Κοσμά³

et al. 2010

Policy Research Working Papers

View full text Add to dashboard Cite

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The Margins Of Labor Cost Adjustment: Survey Evidence From European Firms

Babecký

Caju

Κοσμά³

et al. 2010

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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The Margins of Labour Cost Adjustment: Survey Evidence from European Firms

et al. 2009

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Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data from a unique survey, we find that firms make frequent use of other, more flexible, components of compensation to adjust the cost of labour. Changes in bonuses and non-pay benefits are some of the potential margins firms use to reduce costs. We also show how the margins of adjustment chosen are affected by firm and worker characteristics.

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A Global Assessment of the Degree of Price Stickiness - Results from the NBB Business Survey

Cited by 47 publications

References 152 publications

Downward Nominal And Real Wage Rigidity: Survey Evidence From European Firms

Downward Nominal And Real Wage Rigidity: Survey Evidence From European Firms

The Margins Of Labor Cost Adjustment: Survey Evidence From European Firms

The Margins of Labour Cost Adjustment: Survey Evidence from European Firms

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