Sentences with phrase «of nominal wages»

Proponents of this view emphasize behavioral factors, especially downward rigidity of nominal wages.

This occurs when the nominal interest rate is equal to the growth rate of nominal wages.

Not exact matches

«The recent behavior of both nominal and real wages point to weaker labor market conditions than would be indicated by the current unemployment rate,» Yellen said in a speech to central bankers last week.

Unfortunately, budget forecasts do not provide a breakdown of the various components of nominal GDP, such as wages and salaries, corporate profits, interest income, etc., so it is difficult to properly assess the impact of changes in the economic forecast to changes in the major components of budgetary revenues.

Because nominal wage growth for a large fraction of workers has been held to zero, a somewhat higher rate of inflation would grease the wheels of the labor market by allowing real wages to fall (Akerlof, Dickens, and Perry 1996).

New jobs need to continue to average 200,000 a month for another year to lure them back, and nominal wages must actually increase over and above 2 % to get back to 2012 and all the way until 2020 to approach levels of 2008, and again that's allowing for half of the lower participation for retiring boomers.

Of course we all know (except for Janet Yellen) that nominal wages may rise equal to the inflation rate plus productivity increase with no inflationary effect.

Chair Yellen has consistently maintained that as long as nominal wages grow no faster than the Fed's inflation target of 2 percent plus productivity growth, which is running at (a truly yucky) 1 percent these days, wages can grow 3 percent without generating inflationary pressures.

This chart plots quarterly changes in nominal wages for the bulk of working people.

Banking and Monetary Statistics 1914 - 1941 (1,400 +) Data on the nominal term structure model from Kim and Wright (6 +) Historical Federal Reserve Data NBER Macrohistory Database (2,000 +) Penn World Table 7.1 (4,400 +) Penn World Table 9.0 (3,800 +) Recession Probabilities Weekly U.S. and State Bond Prices, 1855 - 1865 Economic Policy Uncertainty Sticky Wages and Comovement (3 +) A Millennium of Macroeconomic Data for the UK (9 +)

This can happen one of three ways: through Greek nominal wage cuts (which the Greeks can't accept), through high Eurozone inflation and stable Greek nominal wages (which the Germans won't accept), or through Greece getting control over its own currency, which will depreciate considerably relative to the Euro.

Borrowers, mostly companies, oblige by halting the growth in or cutting the nominal wages of workers.

Roughly speaking, even though it appears I receive a 18 % nominal pay raise, I owe the state of California approximately 9 % of my annual wages.

However, they did not attempt to account for factors such as differences in employment levels between 2008 and 2019, as well as differences in nominal wages between the two years, including the fact that Alberta will already have a $ 15 minimum wage in place by 2019, so this federal minimum proposal will not directly boost the wages of any workers in that province.

To ensure that salaries and wages paid to Ontario - based individuals for services provided in the Province represent more than a nominal amount of a corporation's total eligible expenditures, a qualifying corporation's Ontario labour expenditures (including labour under a service contract) would have to amount to at least 25 per cent of total expenditures.