Piero Cipollone: Modernising finance: the role of central bank money

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.

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ECBECB
URL: 
https://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240209~d481464c19.en.htmlhttps://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240209~d481464c19.en.html
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星期六, 二月 10, 2024
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Trigger, Blog, Deutsche Bundesbank, Partnership, Bank, Growth, Deutsch, TARGET2, GDP, CBDC, Database, T+2, Speech, Symposium, FMI, Recurrence, Government, Reproduction, Annual report, Working paper, Principle, ISO, Risk, Face, Automation, DLT, European Parliament, ECB, Communication, Financial market, Ecosystem, BIS, Attention, Bank of England, European Central Bank, TIPS, Bank for International Settlements, SME, Economy, T+1, Congress, Frankfurt, Committee
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CENTRAL, NO, UNITED KINGDOM, LAGARDE, EUROPEAN UNION, CANADA, INDIA, BANCA, EU, EUROPE, UK, UNITED STATES, CHINA, GERMANY
摘要
Key Points: 
  • The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.
  • Lastly, the paper shows that the new indicators can provide reliable signals about current and future developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth forecasts.
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