Wage Growth and Inflation in Europe A Puzzle is popular PDF and ePub book, written by Vizhdan Boranova in 2019-12-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Wage Growth and Inflation in Europe A Puzzle can be Read Online from any device for your convenience.
Wage Growth and Inflation in Europe A Puzzle Book PDF Summary
Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations, greater competitive pressures, and robust corporate profitability. Thus the recent pickup in wage growth is likely to have a more muted impact on inflation than in the past.
Detail Book of Wage Growth and Inflation in Europe A Puzzle PDF
- Author : Vizhdan Boranova
- Release : 20 December 2019
- Publisher : International Monetary Fund
- ISBN : 9781513521275
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 15,9 Mb
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