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AMN North America --- Asia --- North America --- floristic relationships
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ASE Eastern & Central Asia --- duplicates available 2013 --- Eastern & Central Asia --- Taiwan
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Ci (Chinese poetry) --- Chinese poetry --- Poets, Chinese --- History and criticism. --- History and criticism.
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We study the pass-through of labor costs to prices using a novel data-set that links industry-level wages to sectoral consumer prices through input-output tables. Pass-through increased during the COVID-19 pandemic recovery, temporarily in goods and persistently in services. Our analysis suggests that the elevated pass-through contributed at least 0.8 percentage points to goods inflation in 2021 and 0.7 percentage points and 0.5 percentage points to services inflation in 2021 and 2022, respectively. We find that the increase in pass-through reflects elevated demand in goods sectors and firms' difficulty in absorbing high wage growth in services sectors. The analysis suggests it will take a reduction in wage growth to bring PCE inflation back to target. Fiscal and monetary policies that help to re-balance the labor markets can facilitate this process.
Aggregate Human Capital --- Aggregate Labor Productivity --- Communicable diseases --- Covid-19 --- Currency crises --- Deflation --- Diseases: Contagious --- Economic & financial crises & disasters --- Economic sectors --- Economics of specific sectors --- Economics --- Economics: General --- Employment --- Health Behavior --- Health --- Import prices --- Imports --- Income economics --- Industries: Service --- Industry Studies: Services: General --- Infectious & contagious diseases --- Inflation --- Informal sector --- Intergenerational Income Distribution --- Labor --- Labour --- Macroeconomics --- Price Level --- Prices --- Service industries --- Services sector --- Unemployment --- Wages --- Wages, Compensation, and Labor Costs: General
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