Saini, Shweta; Gulati, Ashok; Braun, Joachim von; … - 2020
-error correction model (VECM) is used to determine the linkage between farm wage inflation and food inflation, and a pooled mean group … inflation and wage growth, evidence was found of a food-wage spiral where changes in food prices and farm wages were estimated … to impact each other. However, the impact of food inflation emerged to be stronger on wages than vice-versa and this …