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Implications Of Current Wage Inflation − Speech By Jonathan Haskel, Member Of The Monetary Policy Committee, Bank Of England, Given At Bank Of England Watchers’ Conference, King’s College London

Date 03/11/2023

Jonathan talks about recent UK wage growth, and why it might be as high as it appears to be. He considers some measurement issues, and then constructs a simple economic model of wages. Finally, he considers some economic explanations for an increase in the equilibrium rate of unemployment, which may be contributing to current high wage growth.