Fiscal Shocks and Real Wages
Agustín Bénétrix
The Institute for International Integration Studies Discussion Paper Series from IIIS
Abstract:
I estimate the short-run dynamic effect of fiscal shocks on real wages for a panel of euro area countries. The main findings are in line with the Neo-Keynesian predictions that real wages increase in response to spending shocks. However, the scale of the wage response depends on the type of government spending
Date: 2009-03-04
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Journal Article: FISCAL SHOCKS AND REAL WAGES (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp288
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