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国际清算银行:2024跨部门的工资价格传递:来自欧元区的证据(英文版)

  • 2024年06月17日
  • 50 金币

This paper studies the pass-through from wages to producer prices usingsectoral disaggregated data for the euro area. We find a positive and statistically significant wage-price pass-through that reaches 50% after three years,which differs across sectors. The wage-price pass-through in private servicesis significantly higher than in industry and takes longer before reaching itspeak. While a higher labour intensity is a key component of the pass-through,our estimates indicate that differe

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