Suchergebnisse
Filter
21 Ergebnisse
Sortierung:
The pricing behaviour of firms in the euro area: new survey evidence
In: Working paper series 535
In: Eurosystem inflation persistence network
The sources of unemployment fluctuations: an empirical application to the Italian case
In: Working paper 29
NAIRU: incomes policy and inflation
In: OECD working papers Vol. 6, No. 15
In: Economics Department working papers 187
Alternative measures of the NAIRU in the euro area: estimates and assessment
In: Working paper 17
Changing Prices… Changing Times: Evidence for Italy
In: ECB Working Paper No. 2002
SSRN
The pricing behaviour of italian firms: new survey evidence on price stickiness
In: Working paper 333
Autarchy Along the Distribution
In: Bank of Italy Occasional Paper No. 580
SSRN
Working paper
Trading Processing for Goods: A Different View from the Past on Italian Trade Flows?
In: Bank of Italy Occasional Paper No. 284
SSRN
Working paper
The Pricing Behavior of Italian Firms
In: Pricing Decisions in the Euro Area, S. 110-122
European firm adjustment during times of economic crisis
In: IZA journal of labor policy, Band 4, Heft 1
ISSN: 2193-9004
Abstract
This paper exploits a unique cross-country, firm-level survey to study the responses of European firms to the sharp demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction—particularly labour cost reduction through the adjustment of quantities rather than prices—was the prevailing strategy that firms had adopted by summer 2009. Remarkably, not even during the worst postwar recession did employers cut base wages to reduce costs. Different combinations of adjustment strategies are apparent, and the particular choices of labour costs adjustments depend substantially on countries' institutional settings.
JEL codes: J30, J32, J33, J51
European firm adjustment during times of economic crisish
This paper exploits a unique cross-country, firm-level survey to study the responses of European firms to the sharp demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction-particularly labour cost reduction through the adjustment of quantities rather than prices-was the prevailing strategy that firms had adopted by summer 2009. Remarkably, not even during the worst postwar recession did employers cut base wages to reduce costs. Different combinations of adjustment strategies are apparent, and the particular choices of labour costs adjustments depend substantially on countries' institutional settings.
BASE
European firm adjustment during times of economic crisis
This paper exploits a unique cross-country, firm-level survey to study the responses of European firms to the sharp demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction—particularly labour cost reduction through the adjustment of quantities rather than prices—was the prevailing strategy that firms had adopted by summer 2009. Remarkably, not even during the worst postwar recession did employers cut base wages to reduce costs. Different combinations of adjustment strategies are apparent, and the particular choices of labour costs adjustments depend substantially on countries' institutional settings.
BASE
European firm adjustment during times of economic crisis
In: IZA journal of labor policy, Band 4, S. 24
ISSN: 2193-9004