A new model for wage formation in Iceland

Iceland is recovering after a severe crisis, which is an impressive turnaround by any standard. However, the improvement of the economy has led to a rising wage growth, which, if it continues, may lead to another boom-bust cycle. Persistent high wage growth is likely to induce the central bank to ra...

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Bibliographic Details
Main Author: Holden, Steinar
Format: Report
Language:English
Published: Oslo: University of Oslo, Department of Economics 2019
Subjects:
J5
Online Access:http://hdl.handle.net/10419/202632