Since the global financial crisis, core inflation has been persistently below target in most advanced economies. Recently, it has weakened further in several advanced economies despite gradually diminishing slack. This note reviews recent developments in core inflation across advanced economies and identifies distinctive patterns across regions.
Staff analytical notes
Staff discussion papers
We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework.
Staff working papers
The Federal Reserve’s quantitative easing (QE) program has been accompanied by a flow of funds into emerging-market economies (EMEs) in search of higher returns.
- “Can the Canada-US ICT Investment Gap Be Explained by Measurement Issues?” Centre for the Study of Living Standards. Research Report 2013-03.
- “Labour Market Information for Employers and Economic Immigrants in Canada: A Country Study," Centre for the Study of Living Standards. Research Report 2013-01. Also available from www.labourmigration.eu as a chapter in "Improving Access to Labour Market Information for Migrants and Employers