Sentence examples for wage stickiness from inspiring English sources

Has wage stickiness been exaggerated?

First, nominal wage stickiness — the key argument for the virtues of floating exchange rates — is an overwhelmingly demonstrated fact.

On the contrary, for the US (though not for countries like Spain), wage stickiness is if anything good for us right now, helping stave off destructive deflation.

Back in the 70s, there was hardly any discussion of the determinants of nominal demand; what Lucas and his followers were arguing was that Keynesianism must be rejected because it was unable to derive wage stickiness from maximizing behavior.

So, suppose we go with this story: Latvia was a hugely, perhaps uniquely overheated economy that even a Keynesian would agree needed a lot of fiscal austerity, with very high rates of productivity growth making wage stickiness irrelevant.

Mr Draghi argues that wage stickiness explains why unemployment got so much worse in Spain, where until recently wages were relatively rigid, than in Ireland.This points to another problem.

Experience also tells us that, thanks to wage and price stickiness, disinflation tends not to accelerate.

Notably, it just assumed that nominal wages are sticky, because they evidently are. 2. In the 1960s a number of economists started trying to provide "microfoundations", deriving wage and price stickiness from some kind of maximizing behavior.

You see, the question of wage (and price) stickiness, and hence of real effects of changes in nominal demand, was what the great rejection of Keynesianism was all about.

This recession may well be the worst in a generation — but thanks to the stickiness of wages, the pay drop for most families may not be much worse than that of a typical recession.

But in that case, how can we explain the observed stickiness of wages and prices?