Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261832 
Year of Publication: 
2022
Series/Report no.: 
Economic Memo No. 6
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
Before the pandemic, wage and price inflation remained low in Denmark and other advanced economies, despite falling unemployment rates. We attribute the subdued inflation to low competition among firms to hire employed workers. This same force may continue to constrain inflation once the current rise in energy and commodity prices has been passed through to consumer prices.
Subjects: 
Inflation, wages and prices
Document Type: 
Research Report

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