E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:03:29+00:00How Rigid Are Nominal-Wage Rates?
https://www.bankofcanada.ca/2001/05/working-paper-2001-8/
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard model and micro data for union contracts. The hazard model is specified in a way that allows considerable flexibility in the shape of the estimated notional wage-change distribution.2001-05-01T11:09:13+00:00enHow Rigid Are Nominal-Wage Rates?2001-05-01Inflation targetsLabour marketsWorking Paper 2001-8 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-8.pdfHow Rigid Are Nominal-Wage Rates?Allan CrawfordMay 2001EE2E24E5E52E6E61Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models
https://www.bankofcanada.ca/2001/05/working-paper-2001-7/
This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects.2001-05-01T10:54:38+00:00enDownward Nominal-Wage Rigidity: Micro Evidence from Tobit Models2001-05-01Inflation targetsLabour marketsWorking Paper 2001-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-7.pdfDownward Nominal-Wage Rigidity: Micro Evidence from Tobit ModelsAllan CrawfordGeoff WrightMay 2001EE2E24E5E52E6E61