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.
Publication Update
We are pleased to announce the latest working paper (WP6/2026), authored by SEACEN MMPM Director Dr. Donghyun Park, Prof. Joao Tovar Jalles( Lisbon School of Economics and Management), and John
