How Long to Read Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages

How Long Does it Take to Read Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages?

It takes the average reader and 22 minutes to read Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages by Mr. Niels-Jakob H Hansen

Assuming a reading speed of 250 words per minute. Learn more

Description

We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average change in the consumption deflator over 2022Q1 – 2023Q1, while domestic profits account for 45 percent. The increase in nominal profits was largest in sectors benefiting from increasing international commodity prices and those exposed to recent supply-demand mismatches. While the results show that firms have passed on more than the nominal cost shock, and have fared relatively better than workers, the limited available data does not point to a widespread increase in markups. Looking ahead, assuming nominal wage growth of around 4.5 percent over 2023-24 – slightly below the level seen in Q1 2023 – and broadly unchanged productivity, a normalization of the profit share to the average level over 2015-19 will be necessary to achieve a convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor expectations and maintain subdued demand such that workers and firms settle on relative price setting that is consistent with disinflation.

How long is Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages?

Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages by Mr. Niels-Jakob H Hansen is 22 pages long, and a total of 5,544 words.

This makes it 7% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages aloud.

What Reading Level is Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages?

Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages?

Euro Area Inflation After the Pandemic and Energy Shock: Import Prices, Profits and Wages by Mr. Niels-Jakob H Hansen is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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