Low wage growth since the global financial crisis (GFC) has been puzzling a number of central banks. Our senior economist Ozer Karagedikli and his co-authors find a compelling explanation, by using New Zealand data, for low wage inflation since the GFC is the relatively low number of people switching jobs. Job switching offers a more comprehensive view of labour market and wage growth interaction than is offered by standard measures such as the unemployment rate, they argue. The paper can be found on the Reserve Bank of New Zealand website.
SEACEN Course on Monetary Policy Analysis with DSGE Models
The SEACEN Centre successfully concluded the SEACEN Course on Monetary Policy Analysis with DSGE Models, held in Colombo, Sri Lanka, from 15–18 June 2026 and graciously hosted by the Central
