J30 - General
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Un examen plus approfondi des pressions salariales au Canada
In this note, we provide a brief outline of the recent developments in wage measures in Canada. We then assess whether wage growth is consistent with its fundamentals. -
16 May 2016 The Micro and Macro of Downward Nominal Wage Rigidity
The article examines the extent of downward nominal wage rigidity in Canada and its implications for monetary policy. The authors ask whether its existence is a sufficient argument for a higher inflation target if concerns about the effective lower bound are adequately addressed. -
Reconciling the Differences in Aggregate U.S. Wage Series
Average hourly real wage series from the Labor Productivity and Costs (LPC) program and the Current Employment Statistics (CES) program have evolved very differently over the past decades. -
Self-Enforcing Labour Contracts and the Dynamics Puzzle
To properly account for the dynamics of key macroeconomic variables, researchers incorporate various internal-propagation mechanisms in their models. -
Poignée de main invisible et persistance des cycles économiques : une revue de la littérature
The author explains how self-enforcing labour contracts can enhance the performance of macroeconomic models. He exposes the benefits of using these dynamic contracts to account for some puzzling macroeconomic facts regarding the dynamics and persistence of employment, consumption and output. -
Employment Effects Of Nominal-Wage Rigidity: An Examination Using Wage-Settlements Data
The argument advocating a moderate level of inflation based on the downward nominal-wage rigidity (DNWR) hypothesis rests on three factors: its presence, extent, and negative impact in the labour market. This paper focuses on the employment effect of DNWR.