The link between labor cost inflation and price inflation in the Euro Area

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 (i.e., wage inflation adjusted for productivity developments) is one of the main causes of price inflation. From a theoreti...

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Autores principales: Bobeica, Elena, Ciccarelli, Matteo, Vansteenkiste, Isabel
Formato: Artículo
Lenguaje:English
Publicado: Banco Central de Chile 2020
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Acceso en línea:https://hdl.handle.net/20.500.12580/4881
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