Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/124901 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 9389
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Adopting a simple Phillips curve framework, we show that different labour market institutions across EU countries are associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage coordination and higher union density flatten the Phillips curve and increase the inflation response to the real exchange rate, i.e. the exchange rate pass-through. In addition, using a new approach to the classification of goods and services as "traded" or "non-traded", we show that both these institutional effects are significantly stronger for the more exposed (traded) sector.
Schlagwörter: 
sectoral inflation differentials
inflation determinants
labour market institutions
EU 27
JEL: 
E31
J50
J60
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
544.59 kB





Publikationen in EconStor sind urheberrechtlich geschützt.