Resultats globals: 3 registres trobats en 0.02 segons.
Documents de recerca, 3 registres trobats
Documents de recerca 3 registres trobats  
1.
50 p, 595.3 KB Downward wage rigidity and wage restraint / Wolf, Martin
The combination of downward nominal wage rigidity and pegged exchange rate creates an externality which leads to excessive wage inflation (Schmitt-Groh_e and Uribe, 2016). This paper re-examines this result assuming that wage setters are forward looking, hence endogenously restrain wage increases facing downward wage rigidity, as in Elsby (2009). [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 126)  
2.
40 p, 504.4 KB Step away from the zero lower bound : small open economies in a world of secular stagnation / Corsetti, Giancarlo ; Mavroeidi, Eleonora ; Thwaites, Gregory ; Wolf, Martin
We study how small open economies can escape from deation and unemployment in a situation where the world economy is permanently depressed. Building on the framework of Eggertsson et al. (2016), we show that the transition to full employment and at-target inflation requires real and nominal depreciation of the exchange rate. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 132)  
3.
57 p, 736.6 KB Exit expectations and debt crises in currency unions? / Kriwoluzky, Alexander ; Müller, Gernot J. ; Wolf, Martin
Membership in a currency union is not irreversible. Exit expectations may emerge during sovereign debt crises, because exit allows countries to reduce their liabilities through a currency redenomination. [...]
2016 (Ademu Working Papers Series ; 5)  

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2 Wolf, Mauro
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