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|z 9781451871012
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Goretti, Manuela.
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|a Wage-Price Setting in New EU Member States /
|c Manuela Goretti.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (24 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor productivity growth, are mostly explained by real wage catch-up from different initial levels and different labor market conditions. Qualitative evidence also suggests that public sector wage demonstration effects and institutional factors may play a role in wage determination.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2008/243
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/243/001.2008.issue-243-en.xml
|z IMF e-Library
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