Labour market flexibility: what does Banque de France research tell us?
AbstractIn the euro area, nominal wage rigidities and the speed of disinflationary policy seem to be determinants of the “sacrifice ratio”. In France, wage changes are fairly frequent but largely predetermined, which creates rigidity; by contrast, they seem to be governed more by in-house agreements than by industry-wide agreements.
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Bibliographic InfoArticle provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.
Volume (Year): (2007)
Issue (Month): 10 (Winter)
flexibility; labour market; monetary policy; sacrifice ratio; structural policies; wage bargaining.;
Find related papers by JEL classification:
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
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