工资可能无法调整,价格呈现粘性。
他预测那些价格都会回落并且随着价格的下跌,核心通货膨胀率受劳动力成本下降(因为生产力的回升和工资的粘性)的助推也会降低。
He expects those prices to fall back and, with them, core inflation, helped by steep declines in Labour costs as productivity quickens and wages stall.
这种粘性主要对以前的劳动力有影响:在过去的危机中,失业与产出的下降并不匹配,大量的企业还把工资定在经济恢复期的早期水平。
This stickiness owes much to past Labour hoarding: job losses did not match output falls during the recession, so many businesses have not needed to add to payrolls in the early stages of recovery.
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