Bouis, Romain; Cournède, Boris; Christensen, Ane Kathrine - Economics Department, Organisation de Coopération et … - 2012
States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These … productivity gaps, except in the United States where it essentially resulted from a large increase in the unemployment gap. As … more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a …