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Speech
Panel remarks at Bank Indonesia–Federal Reserve Bank of New York Joint International Seminar, Bali Indonesia
Remarks at Bank Indonesia?Federal Reserve Bank of New York Joint International Seminar, Bali Indonesia.
Journal Article
Wage Growth When Inflation Is High
In a tight labor market, workers are able to respond to price increases by bargaining for higher wages. Analyzing conditions since the pandemic shows that, in the recent environment of elevated inflation and low unemployment, wages have become much more sensitive to expected price inflation than in the past. The impact of inflation expectations on wages also appears to have become longer lasting.
Speech
Wage Dynamics: Theory, Data, and Policy
Slides presented virtually at the National Bureau of Economic Research Spring 2021 Wage Dynamics in the 21st Century Conference, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco, May 21, 2021