adverse shocks by cutting basic wages or using alternative ways of reducing labour costs per employee. Certainly in large … firms, costs are reduced mainly via the employment channel, i.e. by reducing the number of primarily permanent staff, and to … a lesser extent temporary workers. Reductions in non-wage costs are also important, while variable pay components are …

The effect of oil prices on inflation has varied greatly in the last 50 years. Rising oil prices in the 1970s and early … that oil prices again are playing a more significant role in inflation. He argues that temporarily accommodative monetary …

This study examines the empirical relationship between changes in commodity prices and inflation by looking at the … performance of non-oil commodity prices as stand-alone indicators of inflation and in conjunction with other leading indicators of … inflation. The results indicate that the empirical link between commodity prices and inflation has changed dramatically over …

prices do reflect the effects of the settlement delay. …