Wage Formation: Economic Conditions in Sweden

adjustment agreements Annual percentage change Business Sector Annual collective bargaining competition consumer prices cost of labour countries creases decrease degree of co-ordination deviation from main Diagram effects employment ratio EMU membership equilibrium unemployment rate euro zone European Central Bank expected forecast general-government sector HICP higher hourly cost hourly earnings increase in labour inflation target joins the EMU krona labour force labour market labour productivity labour supply level of real long run lower macroeconomic main scenario manufacturing ment monetary policy monetary union National Mediation Office nominal wage flexibility number of persons OECD output percent percentage points period ployment prices of imports prices of Swedish product prices profit share rate of increase rate of wage Riksbank rise Sector Annual percentage slacken Statistics Sweden Sweden and NIER Sweden joins Swedish economy Swedish exports Swedish krona Table tendency terms of trade tion trend UND1X unem unit labour costs value added wage formation