Wage-price spiral risks still contained, latest data suggests. 23.02.2023
Article
Alvarez, Jorge ; Hansen, Niels-Jakob H.
IMF - Washington, DC
2022
1-3
wages ; business cycle ; inflation ; epidemic disease
Wages and wage payment systems
English
"Persistent wage and price growth in the latest data may raise concern that wages and prices are feeding on each other and likely to accelerate over a sustained period, an outcome known as a wage-price spiral. If such a spiral emerges, the fear is that inflation would keep rising and expectations become unanchored..."
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