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Browsing Series by Author "Bobeica, Elena"
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The link between labor cost inflation and price inflation in the Euro Area
Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel (Banco Central de Chile, 2020)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 ...