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- "A Feasible Equilibrium Search Model of Individual Wage Dynamics with Experience Accumulation"
As we used to talk about inflation moderation in the past decade, so we should strive to achieve moderation of price and wage dynamics in the period to come.
In a report released by the institute on Friday, Mr. Bernstein wrote, "These job and wage dynamics erode workers' buying power, and this has negative implications for the strength of the recovery."
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