Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. European Department.
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| ISBN: | 1451915543
9781451915549
9781451871012
1451871015
1462321488
9781462321483
1452757143
9781452757148
1282841947
9781282841949
9786612841941
661284194X
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| Digital file characteristics: | text file
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| Notes: | At head of title: European Department.
"October 2008."
Includes bibliographical references (page 24).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Goretti, Manuela. Wage-price setting in new EU member states. Washington, D.C. : International Monetary Fund, ©2008
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| Standard no.: | 10.5089/9781451915549.001
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