Labour Market

Dóra Bak () and Lajos Szabó
Additional contact information
Dóra Bak: Magyar Nemzeti Bank

MNB Handbook, 2016, vol. 1, issue 6, 42

Abstract: Monitoring labour market variables is of the utmost importance for inflation targeting monetary policy. On the one hand, an increase in the wage bill – as the product of the number of private sector employees and average earnings – may be incorporated into the prices of products and services through the rising costs of corporations, resulting in cost-push inflationary pressure. On the other hand, as the product of the whole economy labour force and average earnings, the wage bill may lead to demand-pull inflationary pressure through an increase in household incomes.

Keywords: Labour; Market (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mnb.hu/letoltes/mnb-oktatasi-fuzetek-6-eng-labour-market.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mnb:handbk:v:1:y:2016:i:6:p:42

Access Statistics for this article

More articles in MNB Handbook from Magyar Nemzeti Bank (Central Bank of Hungary) Contact information at EDIRC.
Bibliographic data for series maintained by Morvay Endre ( this e-mail address is bad, please contact ).