Are Wages Useful in Forecasting Price Inflation?
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چکیده
Wages and prices are closely related. Wages are an important part of businesses’ costs and are thus tied to their pricing decisions. Similarly, people take the general level of prices into account when figuring out how much pay they deserve for their work. It is intuitive, therefore, that wage data could contain important information about prices and, in particular, might be useful for forecasting price inflation. Indeed, the recent declines in some wage indicators following hints of strengthening earlier in the year have raised questions about what this might mean for future inflation.
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تاریخ انتشار 2015