We examine the relationship between wage inflation and the unemployment rate in the US
economy for the 1964–2014 period by means of a three-regime threshold regression model …

Despite a low unemployment rate, wage growth in the US was negligible during the 2013–
2015 period. Conventional linear models of the relationship between wages and …

Based on the reduced form New Keynesian Wage Phillips Curve, we estimate wage rigidity
and indexation at the aggregate level in several advanced countries for the 1985–2014 …

Using newly assembled data for 18 advanced economies between 1870 and 2019, I study
how monetary policy affects wage inflation and unemployment and document two key …

В статье рассматриваются причины расхождения законодательно установленного
института индексации оплаты труда и реальной трудовой практики российских …

We investigate the redistributive and welfare effects of disinflation in a two‐agent New
Keynesian model characterized by limited asset market participation and wealth inequality …

Empirical and institutional evidence finds considerable time variation in the degree of wage
indexation to past inflation, a finding that is at odds with the assumption of constant …

This dissertation consists of three self-contained studies that employ empirical
methodologies to shed light on important topics. The initial chapter presents a …

I investigate two findings in Gali and Monacelli (2016, American Economic Review) which
are (i) the effectiveness of labor cost adjustments on employment is much smaller in a …

New Keynesian DSGE models assume a constant degree of wage indexation to past
inflation, neglecting empirical and institutional evidence of a time-varying degree. We build a …