Empirical and theoretical studies suggest that employment behaviour varies with the state of the labour market since hiring and Þrings costs depend on the availability of labour. Extending earlier empirical work on this ...

From a detailed study of the yearly wage bargaining rounds in Norway and Sweden, we construct time series of five complemetary coordination indices. Econometrics is used to evaluate the importance of the coordination ...

The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framework of a small system of linear difference equations. We evaluate the empirical results of existing studies which uses ...