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Pedro Baptista
- 20 February 2025
- THE ECB BLOGEuro area firms hold on to their workforce, despite poor economic conditions. For a significant share of workers this means a lower workload than usual. In turn, many put more money aside as they worry about job security and wages, as the ECB Blog shows.Details
- JEL Code
- J20 : Labor and Demographic Economics→Demand and Supply of Labor→General
J30 : Labor and Demographic Economics→Wages, Compensation, and Labor Costs→General
J50 : Labor and Demographic Economics→Labor?Management Relations, Trade Unions, and Collective Bargaining→General
J60 : Labor and Demographic Economics→Mobility, Unemployment, Vacancies, and Immigrant Workers→General
- 29 October 2024
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 7, 2024Details
- Abstract
- Consumer perceptions of the main drivers of inflation can affect their inflation expectations and, in turn, their economic behaviour. The results of the ECB’s Consumer Expectations Survey (CES) for March 2024 reveal that most euro area consumers attribute inflation primarily to input costs, followed by profits and wages. However, the proportion of consumers identifying wages as the main driver of inflation has increased since June 2023, with this perception being most pronounced in countries experiencing significant wage growth. These evolving perceptions highlight the need to monitor shifts in inflation narratives and their potential impact on inflation expectations.
- JEL Code
- D11 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Theory
D84 : Microeconomics→Information, Knowledge, and Uncertainty→Expectations, Speculations
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation