When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the … ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the … updated according to the actual inflation process, with indexed wages, and persistent inflation shocks. In these cases, a more …

during the pandemic, providing empirical evidence on the nature of Thai inflation dynamics and their implications for optimal …-reflected through global energy prices and food prices-played a significant role in Thailand's inflation dynamics. The Thai PC exhibits …-tradable inflation, suggesting that wage dynamics constitute a driver of non-tradable price developments. Meanwhile, staggered real wage …