Nominal Wages, the Nairu and Wage Flexibility

David Coe ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyses the historical determinants of nominal wages in eleven OECD economies, calculates unemployment rates consistent with stable inflation and derives specific measures of wage flexibility. A number of issues are addressed, including the linearity or non-linearity of the short-run Phillips curve, and the possible temporal dependence of the natural rate of unemployment on the actual rate, i.e., hysteresis in the natural rate.

Keywords: Nominal wage determination in eleven OECD countries; the NAIRU; hysteresis in the natural rate (search for similar items in EconPapers)
JEL-codes: E0 J30 J39 (search for similar items in EconPapers)
Date: 1985
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Published in OECD Economic Studies No. 5 (1985): pp. 87-126

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/114295/1/MPRA_paper_114295.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114295

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().