FISCAL SHOCKS AND REAL WAGES
研究了欧元区11国不同类型的政府支出冲击对实际工资的影响，发现政府投资冲击影响最大，而公共雇员数量冲击无影响。
ABSTRACT This paper studies the impact of fiscal shocks in a panel of eleven euro area member countries. It contributes to the existing literature by providing new empirical evidence on the effects of different types of spending shocks on real wages. The main finding is that an increase in government spending raises the real wage. However, its magnitude depends on the spending type. Shocks to government investment and to the number of public employees generate responses that are at the extremes of the wage response spectrum. The former produces the greatest effect, whereas the latter has zero impact. Copyright © 2011 John Wiley & Sons, Ltd.