E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:18:58+00:00Downward Nominal Wage Rigidity in Canada: Evidence Against a “Greasing Effect”
https://www.bankofcanada.ca/2017/08/staff-working-paper-2017-31/
The existence of downward nominal wage rigidity (DNWR) has often been used to justify a positive inflation target. It is traditionally assumed that positive inflation could “grease the wheels” of the labour market by putting downward pressure on real wages, easing labour market adjustments during a recession.2017-08-03T11:47:33+00:00enDownward Nominal Wage Rigidity in Canada: Evidence Against a “Greasing Effect”2017-08-03Inflation targetsLabour marketsStaff Working Paper 2017-31https://www.bankofcanada.ca/wp-content/uploads/2017/08/swp2017-31.pdfDownward Nominal Wage Rigidity in Canada: Evidence Against a “Greasing Effect”Joel WagnerAugust 2017EE2E24E5E52