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240607 ||| eng |
| 020 |
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|a 9798400251924
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| 100 |
1 |
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|a Huidrom, Raju
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| 245 |
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|a Wage and Inflation Dynamics in Denmark
|c Raju Huidrom
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 16 pages
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| 651 |
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4 |
|a Denmark
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| 653 |
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|a Inflation
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| 653 |
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|a Real wages
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| 653 |
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|a International Organizations
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Monetary economics
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Deflation
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| 653 |
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|a International agencies
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| 653 |
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|a Unemployment
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Labor markets
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| 653 |
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|a Demand and Supply of Labor: General
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a International organization
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| 653 |
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|a Labor
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| 653 |
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|a Price Level
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| 653 |
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|a Wage Level and Structure
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| 653 |
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|a International institutions
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| 653 |
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|a International Economics
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| 653 |
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|a Labor market
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Prices
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| 653 |
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|a Monetary policy
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| 653 |
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|a Wages
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| 653 |
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|a Wage Differentials
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Wage dynamics
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| 653 |
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|a Employment
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| 653 |
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|a International Agreements and Observance
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a Selected Issues Papers
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| 028 |
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|a 10.5089/9798400251924.018
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| 856 |
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|u https://elibrary.imf.org/view/journals/018/2023/052/018.2023.issue-052-en.xml?cid=536738-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Nominal wage growth in Denmark has so far been modest and outpaced by high inflation, putting real wage growth in negative territory. Amid still-tight labor markets, this has raised concerns about wage pressures going forward and the eventual impact on inflation. The analysis suggests that wage formation in Denmark has historically been partly backward-looking, and economic slack also has played a role. Given these, high inflation realized thus far and the tightness in the labor market implies that wage pressures are expected to remain elevated in the near term. Some of these wage pressures, in turn, are expected to be passed on to core inflation, sustaining high inflation. Thus, determined policies to fight inflation are important
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