Labour market
Ageing workforce depresses wage inflation – BIS paper
Demographic change could be behind weakness of inflation despite record-low unemployment
RBNZ paper seeks high-speed labour market indicator
“Midas” approach can help build picture of current state of labour markets, say economists
Podcast: Greg Kaplan on heterogeneous-agent models
Monetary and fiscal policy are much more closely connected than many central banks would like
Polarised labour market has left low-skilled workers vulnerable – research
Technology and globalisation have hit wages of less skilled urban workers, says David Autor
US expectations key influence on inflation - San Francisco Fed paper
Fed must maintain inflation expectations around target, researchers say
Pick-up in inflation to take ‘a little longer’ than expected – RBA’s Lowe
Inflation expected to reach 2.25% in 2020
Fall in technology use helped slow Canadian productivity, BoC paper finds
But slowdown in labour productivity began eight years before fall in technology use – researchers
EU labour mobility is cyclical stabiliser – paper
Common market allows migration from countries with high unemployment to markets looking for workers
Employers alter skill demands in line with unemployment, researchers find
Requirements for a bachelor’s degree increased during higher unemployment, authors find
US payrolls data proves strong
Non-farm payrolls beat expectations and wage growth rises, despite fears of a global slowdown
Euro area wage growth appears sustainable – ECB bulletin
ECB wage analysis shows increases are no longer being driven primarily by ‘wage drift’
Fed goes ahead with fourth hike of 2018
Policy-makers vote for hike despite volatility, but dovish language suggests growing caution
RBNZ launches climate change strategy
New Zealand joins international group of central banks aiming to meet Paris agreement goals
BoE paper outlines DSGE model of financial and real frictions
“Channels of effect” run between financial markets and labour markets, authors find
Bank lending standards can worsen financial frictions, ECB paper finds
Model shows tighter lending standards can damage productivity, researcher argues
Fed official downbeat on US labour market
US labour market participation in stark contrast to advanced-economy counterparts, Daly warns
Immigrants smooth eurozone labour market shocks – Bank of Italy paper
Non-EU immigrants have higher mobility than Europeans moving between countries – researchers
BoE on hold as Brexit clouds outlook
Central bank may have to raise rates even in disorderly Brexit scenario, Mark Carney says
Eurozone wage rigidity largely persisted in great recession – Finnish paper
Frequency of wage changes fell in recession in many countries, researchers find
Haldane examines ‘puzzling pattern’ of weak wage growth
Average weekly wages are now lower than before the crisis, in real terms
Researchers probe weakness in Italy’s core inflation
Labour and financial markets important influences on weaker inflation – Bank of Italy paper
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Barkin calls for education to improve labour participation
Addressing disparities is one of the best opportunities to ensure US growth, Barkin says
Costa Rica government resorts to central bank financing
Government to use Treasury bills to finance growing deficit as public sector workers go on strike