relation between their current wages and their past wages, adjusted for inflation. We call this the post-crisis Phillips Curve …In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative …. The shape of the post-crisis Phillips Curve expresses the theoretical assumption that the inflation rate stays below its …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …

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 …

A model of nominal labor-price dynamics is derived from the choice of an efficient strategy to adjust wages for … inflation. The model, named the rational-arrangements Phillips curve, identifies a central role for catch-up to price inflation … that has already occurred and a more latent role for rational expectations of future inflation. The reinterpreted Phillips …

increases in China for global inflation pressures are also discussed …

system. Real wages and wage inflation emerge as especially persistent following an import price shock, while price inflation …This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized … wages is attributable mainly to unemployment shocks (about 80 percent), whereas variation in the forecast errors of prices …

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

increases in China for global inflation pressures are also discussed …

We show that a "competing claims" model of imperfect competition can explain the movements of wages and prices in the …