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Nominal Wage Determination in Ten OECD Economies

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Organisation for Economic Co-operation and Development2026-04-11 收录
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The importance of wages in the analysis and forecasting of macroeconomic developments needs no emphasis. Nominal wage inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour and for other factors of production. More generally, the way in which nominal wages are set is an important...
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