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Cyclical or countercyclical nature of prices and wages in the euro area

Author

Listed:
  • Misztal Piotr

    (Department of Economics and Finance, Faculty of Law and Social Sciences, Jan Kochanowski University, Kielce, Poland)

Abstract

Aim/purpose – The aim of the undertaken research is to analyse the interdependencies between cyclical changes in consumer prices, production prices, wages and production in the euro area in the period Q1.2010-Q3.2017.

Suggested Citation

  • Misztal Piotr, 2020. "Cyclical or countercyclical nature of prices and wages in the euro area," Journal of Economics and Management, Sciendo, vol. 41(3), pages 25-46, September.
    • Handle: RePEc:vrs:jecman:v:41:y:2020:i:3:p:25-46:n:2
    DOI: 10.22367/jem.2020.41.02
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    References listed on IDEAS

    as
    1. Cooley, Thomas F. & Ohanian, Lee E., 1991. "The cyclical behavior of prices," Journal of Monetary Economics, Elsevier, vol. 28(1), pages 25-60, August.
    2. Lucas, Robert E., 1977. "Understanding business cycles," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 7-29, January.
    3. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    4. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Spr), pages 3-18.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    prices; wages; business cycle;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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