Wage and price setting in advanced economies is well documented in the literature, but little
work has been done on this topic for the emerging market economies. The aim of this paper …

The origins and implications of the low inflation dynamics that characterised the post-crisis
recoveries in many advanced economies were at the heart of the EC B's 2018 Sintra Forum …

This paper analyses the influence of the South African labour market on the conduct of
monetary policy. Because of the weak response of wages to changes in employment, the …

Inflation has returned, reaching levels not seen in decades. Whether inflation enters a
persistently higher regime will depend on labour market developments, and on whether a …

In a tight labor market, workers are able to respond to price increases by bargaining for
higher wages. Analyzing conditions since the pandemic shows that, in the recent …

Headline inflation is at multi-decade highs in most advanced economies, reflecting a
confluence of factors. Wages growth has also increased, but not to the same extent. This …

In many European countries, prior to the pandemic, wages rose faster than productivity, yet
consumer price pressures remained subdued. This is puzzling as theory suggests that …

One of the possible consequences of demand pressures is rising prices. But rising prices
may occur due to a quite distinct set of influences, which may be classed as cost pressures …

To gauge inflationary pressures, policymakers generally pay close attention to labor cost
developments. A key reason has been the widely held view that labor cost inflation (ie, wage …

Covid-19 and war-induced commodity price fluctuations, and broadening price pressures
have led to a surge in inflation in many sub-Saharan Africa (SSA) countries. To adjust to …