Coe, David T.; Gagliardi, Francesco - Economics Department, Organisation de Coopération et … - 1985
. Nominal wage inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour … whether or not there is any short- or longer-run trade off between inflation and employment. The way that wages evolve in the … current situation of recovering output and profits, where inflation has declined and unemployment remains high, will be …