What we know about the wage inflationary channel | VOX, CEPR Policy Portal
The recent inflation increase across advanced economies has rekindled a debate about the risk of wage–price spirals. This column looks at pass-through from labour cost to price inflation for the US and euro area countries, and finds that the risk is state dependent. Wage–price spirals are less likely with low inflation and anchored expectations. The pass-through is also
Source: voxeu.org