Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:and compensation 

Working Paper
The Passthrough of Labor Costs to Price Inflation

We use a time-varying parameter/stochastic volatility VAR framework to assess how the passthrough of labor costs to price inflation has evolved over time in U.S. data. We find little evidence that changes in labor costs have had a material effect on price inflation in recent years, even for compensation measures where some degree of passthrough to prices still appears to be present. Our results cast doubt on explanations of recent inflation behavior that appeal to such mechanisms as downward nominal wage rigidity or a differential contribution of long-term and short-term unemployed workers to ...
Finance and Economics Discussion Series , Paper 2015-42

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords

PREVIOUS / NEXT