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The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
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Der Beitrag diskutiert die Ursachen von Stagflation. Hierfür werden zunächst drei Kennzahlen abgeleitet, welche das … Auftreten und die Stärke der Stagflation in der Weltwirtschaft und auf Länderebene abbilden. Im Anschluss wird anhand einer … die Wahrscheinlichkeit und die Stärke der Stagflation über die Zeit hinweg relativ robust reduziert, hat sich die …
Persistent link: https://www.econbiz.de/10010366920
This paper presents a novel measure of labor market conditions based on micro data from a large business survey in Sweden. The indicator, relative labor shortages (RLS), is the ratio of respondents' quantitative assessment of labor shortages and current employment. Contrary to other surveybased...
Persistent link: https://www.econbiz.de/10012285194
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Crisis and the COVID-19 pandemic. We take advantage of the multivariate nature of our parametric model to measure stagflation …. We find an increasing risk of stagflation for the euro area in 2022 while in the United States stagflation risk increased … earlier in 2021 and started decreasing more recently. Notwithstanding the significantly high levels of inflation, stagflation …
Persistent link: https://www.econbiz.de/10014362647
Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …
Persistent link: https://www.econbiz.de/10013448558