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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

RECENT WAGE DYNAMICS IN ADVANCED ECONOMIES: DRIVERS AND IMPLICATIONS (October 2017 IMF WEO, Chapter 2) 2017年10月12日(木)

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Open to all GraSPP students!

As part of the IMF’s global outreach of October 2017 World Economic Outlook,
GraSPP will have a guest lecture about recent wage dynamics in advanced
economics.

Date & Time: Wednesday, October 18th, 2017; 13:00-14:00

Place: International Research Building, Seminar Room B

Title: RECENT WAGE DYNAMICS IN ADVANCED ECONOMIES: DRIVERS
AND IMPLICATIONS (October 2017 IMF WEO, Chapter 2)

Nominal wage growth in most advanced economies remains markedly lower than it
was before the Great Recession of 2008-09. This chapter finds that the bulk of the
wage slowdown can be explained by labor market slack, inflation expectations, and
trend productivity growth. While accommodative policies can help lift demand and
lower headline unemployment rates, wage growth may remain subdued until
involuntary part-time employment diminishes or trend productivity growth picks
up.

Presenter: Mr. Weicheng Lian (International Monetary Fund)

Weicheng Lian is an Economist in the Research Department of the International
Monetary Fund. He has worked previously in the European Department. His
research interests include macro finance with a particular focus on housing trends
and cycles, and structural transformation. He holds a Ph.D. in Economics from
Princeton University.

Language: English