Inflation and unemployment affect wage rigidity, Icelandic authors find

central-bank-of-iceland
The Central Bank of Iceland

Two Icelandic economists present evidence that nominal wage rigidity is determined endogenously, in contrast to standard New Keynesian models, in a paper published in the Journal of Monetary Economics.

Rannveig Sigurdardottir, deputy chief economist at the Central Bank of Iceland, and Jósef Sigurdsson, formerly an economist at the central bank, study a unique set of administrative micro-data on the Icelandic labour market in their paper, Time-dependent or state-dependent wage-setting? Evidence

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: