Labour market changes key to inflation – BIS’s Shin


Pandemic-induced changes in labour markets are a key factor in determining whether inflation is short-lived or more persistent, said Hyun Song Shin on December 9.

The Bank for International Settlements’ head of research said this could present central banks with a “race against time” to prevent inflation expectations becoming unmoored.

Shin said similar trajectories in total hours worked masked important differences across countries. He highlighted a particular divide between the US, where

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: