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An introduction to the special feature section: Price, wage and employment adjustments in 2007–2008 and some inference for the current European crisis

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  • Wasmer, Etienne

Abstract

The four papers in this issue are part of a collective effort coordinated by the ECB and European National Central Banks, the Eurosystem's Wage Dynamics Network Survey. They provide new and systematic evidence on wage and price flexibility in Europe and attempt to explain their determinants.

Suggested Citation

  • Wasmer, Etienne, 2012. "An introduction to the special feature section: Price, wage and employment adjustments in 2007–2008 and some inference for the current European crisis," Labour Economics, Elsevier, vol. 19(5), pages 769-771.
    • Handle: RePEc:eee:labeco:v:19:y:2012:i:5:p:769-771
    DOI: 10.1016/j.labeco.2012.04.002
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    References listed on IDEAS

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    1. Galuscak, Kamil & Keeney, Mary & Nicolitsas, Daphne & Smets, Frank & Strzelecki, Pawel & Vodopivec, Matija, 2012. "The determination of wages of newly hired employees: Survey evidence on internal versus external factors," Labour Economics, Elsevier, vol. 19(5), pages 802-812.
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    Cited by:

    1. Belke, Ansgar & Gros, Daniel, 2017. "Optimal adjustment paths in a monetary union," Economic Modelling, Elsevier, vol. 67(C), pages 338-345.
    2. Antonia López-Villavicencio & Sophie Saglio, 2017. "The Wage Inflation-Unemployment Curve at the Macroeconomic Level," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(1), pages 55-78, February.
    3. Jan Babecky & Kamil Galuscak & Diana Zigraiova, 2015. "Labour Market Adjustment since the Global Financial Crisis: Evidence from a Survey of Czech Firms," Research and Policy Notes 2015/01, Czech National Bank.

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    More about this item

    Keywords

    Price and wage rigidity; Unemployment; Trade deficits;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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