The forces which have weakened the relationship between unemployment and inflation in recent decades are likely to persist, or even gather strength, in the coming years. If so, wage and price...

Labour markets have continued to recover in all of the four major advanced economies in recent years but prospects for wage growth still differ considerably. The rise in earnings growth in the US is...

The recent drop in oil prices has raised the question of how the world economy would cope with a another sustained slump in prices. While some big oil producers would take a hit, and inflation would...

There is an increasingly common view that we are on the cusp of a global policy tightening cycle. However, while we no longer expect many central banks to loosen policy further, we expect interest...