My da|ra Login

Detailed view

metadata language: English

Replication data for: Fixed-Wage Contracts and Monetary Non-neutrality

Version
1
Resource Type
Dataset
Creator
  • Björklund, Maria
  • Carlsson, Mikael
  • Nordström Skans, Oskar
Publication Date
2018-12-30
Description
  • Abstract

    We study the importance of wage rigidities for the monetary policy transmission mechanism. Using uniquely rich micro data on Swedish wage negotiations, we isolate periods when the labor market is covered by fixed-wage contracts. Importantly, negotiations are coordinated in time but their seasonal patterns are far from deterministic. Using a two-regime VAR model, we document that monetary policy shocks have a larger impact on production during fixed-wage episodes as compared to the average response. The results do not seem to be driven by the periodic structure, nor the seasonality, of the renegotiation episodes.
Availability
Download
Relations
  • Is supplemented by
    DOI: 10.1257/mac.20160213 (Text)
Publications
  • Björklund, Maria, Mikael Carlsson, and Oskar Nordström Skans. “Fixed-Wage Contracts and Monetary Non-Neutrality.” American Economic Journal: Macroeconomics 11, no. 2 (April 2019): 171–92. https://doi.org/10.1257/mac.20160213.
    • ID: 10.1257/mac.20160213 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Björklund, Maria; Carlsson, Mikael; Nordström Skans, Oskar (2018): Replication data for: Fixed-Wage Contracts and Monetary Non-neutrality. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114140V1