Labour market
BoE paper outlines DSGE model of financial and real frictions
“Channels of effect” run between financial markets and labour markets, authors find
Bank lending standards can worsen financial frictions, ECB paper finds
Model shows tighter lending standards can damage productivity, researcher argues
Fed official downbeat on US labour market
US labour market participation in stark contrast to advanced-economy counterparts, Daly warns
Immigrants smooth eurozone labour market shocks – Bank of Italy paper
Non-EU immigrants have higher mobility than Europeans moving between countries – researchers
BoE on hold as Brexit clouds outlook
Central bank may have to raise rates even in disorderly Brexit scenario, Mark Carney says
Eurozone wage rigidity largely persisted in great recession – Finnish paper
Frequency of wage changes fell in recession in many countries, researchers find
Haldane examines ‘puzzling pattern’ of weak wage growth
Average weekly wages are now lower than before the crisis, in real terms
Researchers probe weakness in Italy’s core inflation
Labour and financial markets important influences on weaker inflation – Bank of Italy paper
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Barkin calls for education to improve labour participation
Addressing disparities is one of the best opportunities to ensure US growth, Barkin says
Costa Rica government resorts to central bank financing
Government to use Treasury bills to finance growing deficit as public sector workers go on strike
Globalisation becomes more divisive as it advances – Dani Rodrik
Harvard economist says gains from trade may not outweigh redistributive problems
Technology shocks unbalance job market – paper
A technology shock that permanently raises productivity leads to unemployment, authors say
Automation of financial services poses problem for labour market
Central bankers fear the labour market may not recover as quickly as during previous technological revolutions
IMF authors dismiss global Phillips curve as euro inflation driver
Domestic factors largely behind “remarkably stable” inflation in eurozone
Australia’s labour market is tightening, governor says
Australia’s labour market is tightening, governor says, but higher wages are only evident in ‘certain pockets’ of the market
BoE lifts rates despite signs of a global weakening
MPC votes unanimously to raise rates to 0.75%
BoE paper uses millions of job adverts to understand labour market
Researchers analysed 15 million adverts over eight years to categorise jobs
Mexico needs labour market reform - IADB vice-president
Growth rates have been among slowest in Latin America despite reform efforts, Levy says
Bank of England poised for hike despite weak data
Economists still expect a raise in interest rates when the MPC meets next week
Paper looks at impact of financial shocks on US labour markets
Negative shocks have far bigger effects than positive ones, researchers find
BoE’s latest big data project targets labour mismatches
Eliminating regional mismatch could have prevented productivity shortfall, researchers find
NY Fed paper: ‘replacement hiring’ affects productivity wage gap
Replacement hiring can explain much of the gap between wages and productivity, authors say
BoE should not ‘dally’ with next monetary policy move – McCafferty
In his last scheduled speech, the MPC member says a delay could force the central bank into a more “aggressive tightening”