A New Indicator of Common Wage Inflation

Hie Joo Ahn, Han Chen () and Michael Kister
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Hie Joo Ahn: https://www.federalreserve.gov/econres/hie-joo-ahn.htm
Michael Kister: https://www.piie.com/experts/research-analysts/michael-kister

No 2020-07-08, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The cyclical state of the economy and the natural rate of unemployment are key unobserved variables in policymakers' analysis of economic developments. The price Phillips curve relates the measures of resource utilization—often through deviations of the unemployment rate from the natural rate of unemployment—to consumer price inflation.

Date: 2020-07-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-07-08

DOI: 10.17016/2380-7172.2550

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