; and, when prices and wages are not reoptimized, they can be partially adjusted to previous-period aggregate inflation. The …This paper analyzes the dynamics of prices and wages using a limited information approach to estimation. I estimate a … two-equation model for the determination of prices and wages derived from an optimization-based dynamic model in which …

conclusion is to make wages and the nominal exchange rate anchors for the price level, which implies that nominal wages should … increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …

In this paper the issue of causality between wages and prices in R. Macedonia has been tested. OLS relationship between … prices and wages is positive; productivity is not significant in determination of prices or wages too. Engle-Granger test …

This article provides evidence about the interrelationships between wages and prices at the microeconomic level. We … magnitude of wage changes strongly depends on macroeconomic variables, namely inflation and unemployment, and to a lesser extent … production and the industry level inflation, have a weaker influence …

increases in China for global inflation pressures are also discussed. Labour costs ; inflation ; China ; global economic slack …

increases in China for global inflation pressures are also discussed …

increases in China for global inflation pressures are also discussed. Keywords: labour costs, inflation, China, global economic …