Wage-price setting in new EU member states / prepared by Manuela Goretti.

This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages....

Full description

Saved in:
Bibliographic Details
Main Author: Goretti, Manuela (Author)
Corporate Author: International Monetary Fund. European Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2008.
©2008
Series:IMF working paper ; WP/08/243.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a2200000 a 4500
001 ocn762356662
003 OCoLC
005 20240909213021.0
006 m o d
007 cr un||||a|a||
008 111124s2008 dcua ob i000 0 eng d
040 |a OCLCE  |b eng  |e pn  |c OCLCE  |d CUS  |d OCLCQ  |d OCLCA  |d EBLCP  |d E7B  |d CCO  |d OCLCF  |d OCLCQ  |d YDXCP  |d OCLCQ  |d CUS  |d OCLCO  |d LOA  |d MERUC  |d COCUF  |d MOR  |d PIFPO  |d ZCU  |d OCLCQ  |d U3W  |d STF  |d CEF  |d NRAMU  |d CRU  |d ICG  |d VTS  |d OCLCQ  |d VT2  |d AU@  |d OCLCQ  |d WYU  |d OCLCQ  |d DKC  |d OCLCQ  |d UX1  |d HS0  |d UWK  |d ADU  |d OCL  |d OCLCQ  |d UKCRE  |d BOL  |d OCLCQ  |d OCLCO  |d TUHNV  |d OCLCQ  |d SFB  |d OCLCQ  |d OCLCO  |d ESU  |d REDDC  |d UEJ  |d OCLCO  |d OCLCQ 
019 |a 460168154  |a 891466025  |a 961615941  |a 962618996  |a 966194389  |a 974982605  |a 975029687  |a 988449213  |a 992053247  |a 1018005115  |a 1037694667  |a 1041925520  |a 1044384904  |a 1045569417  |a 1055327872  |a 1056425868  |a 1060943517  |a 1066688639  |a 1081182103  |a 1097079051  |a 1100515502  |a 1101715606  |a 1103590824  |a 1107350692  |a 1109292563  |a 1110355953  |a 1113452623  |a 1114358239  |a 1119008210  |a 1148115114  |a 1153472124  |a 1202543233  |a 1228622135  |a 1420102895 
020 |a 1451915543 
020 |a 9781451915549 
020 |a 9781451871012 
020 |a 1451871015 
020 |a 1462321488 
020 |a 9781462321483 
020 |a 1452757143 
020 |a 9781452757148 
020 |a 1282841947 
020 |a 9781282841949 
020 |a 9786612841941 
020 |a 661284194X 
024 8 |a 10.5089/9781451915549.001 
035 |a (OCoLC)762356662  |z (OCoLC)460168154  |z (OCoLC)891466025  |z (OCoLC)961615941  |z (OCoLC)962618996  |z (OCoLC)966194389  |z (OCoLC)974982605  |z (OCoLC)975029687  |z (OCoLC)988449213  |z (OCoLC)992053247  |z (OCoLC)1018005115  |z (OCoLC)1037694667  |z (OCoLC)1041925520  |z (OCoLC)1044384904  |z (OCoLC)1045569417  |z (OCoLC)1055327872  |z (OCoLC)1056425868  |z (OCoLC)1060943517  |z (OCoLC)1066688639  |z (OCoLC)1081182103  |z (OCoLC)1097079051  |z (OCoLC)1100515502  |z (OCoLC)1101715606  |z (OCoLC)1103590824  |z (OCoLC)1107350692  |z (OCoLC)1109292563  |z (OCoLC)1110355953  |z (OCoLC)1113452623  |z (OCoLC)1114358239  |z (OCoLC)1119008210  |z (OCoLC)1148115114  |z (OCoLC)1153472124  |z (OCoLC)1202543233  |z (OCoLC)1228622135  |z (OCoLC)1420102895 
037 |b 00013468 
042 |a dlr 
043 |a ee----- 
050 4 |a HG3881.5.I58  |b W67 NO.08/243 
049 |a HCDD 
100 1 |a Goretti, Manuela,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjthm9QKkj9qvTp9VktwJC 
245 1 0 |a Wage-price setting in new EU member states /  |c prepared by Manuela Goretti. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2008. 
264 4 |c ©2008 
300 |a 1 online resource (24 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
500 |a At head of title: European Department. 
500 |a "October 2008." 
504 |a Includes bibliographical references (page 24). 
520 |a This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor productivity growth, are mostly explained by real wage catch-up from different initial levels and different labor market conditions. Qualitative evidence also suggests that public sector wage demonstration effects and institutional factors may play a role in wage determination. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2011  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a I. Background; II. Wage- and Price-Setting Relations; III. Additional Considerations; Figures; 1. NMS: Relationship Between GDP and Private Consumption Deflator, 2000-07; IV. Stylized Facts on NMS; 2. NMS: Real Wages and Labor Productivity, 2001-07; 3. NMS: Nominal Wages and Labor Productivity, 2001-07; 4. NMS: Labor Force Developments, 2001-07; Tables; 1. NMS: Index of Competition Policy, 2001-07; 5. NMS: Unit Labor Costs and Consumer Price Inflation, 2001-07; V. Empirical Wage- and Price-Setting Equations; VI. Econometric Results; 2. EU-27: Long-Run Wage Equation Estimation. 
505 8 |a 3. EU-27: Wage Error Correction Model Estimation4. EU-27: Long-Run Price Equation Estimation; 5. EU-27: Price Error Correction Model Estimation; VII. Wage-Setting Variation Across NMS: Public Sector and Institutional Characteristics; 6. How Far Are Real Wages in NMS away from Equilibrium?; 7. NMS: Nominal Wage and Employment Growth in the Public Sector; 8. NMS: Excess Demand of Skilled Workers, 2004-06; 9. NMS: Union Density and Collective Bargaining; 6. NMS: Labor Flexibility, 2008; 10. NMS: Selected Labor Market Indicators, 2004-06; VIII. Conclusions; References. 
546 |a English. 
650 0 |a Wages  |z Europe, Eastern  |x Econometric models. 
650 0 |a Prices  |z Europe, Eastern  |x Econometric models. 
650 7 |a Prices  |x Econometric models  |2 fast 
650 7 |a Wages  |x Econometric models  |2 fast 
651 7 |a Eastern Europe  |2 fast 
650 7 |a Preis-Lohn-Spirale.  |2 stw 
650 7 |a EU-Staaten (Osteuropa)  |2 stw 
710 2 |a International Monetary Fund.  |b European Department. 
776 0 8 |i Print version:  |a Goretti, Manuela.  |t Wage-price setting in new EU member states.  |d Washington, D.C. : International Monetary Fund, ©2008  |w (OCoLC)317058728 
830 0 |a IMF working paper ;  |v WP/08/243. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1608054  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD