The Phillips Curve : flatter, kinded but not "dead"
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003 | MAP | ||
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100 | 1 | $0MAPA20120024564$aFan, Irina | |
245 | 1 | 0 | $aThe Phillips Curve$b: flatter, kinded but not "dead"$cIrina Fan, Kulli Tamm |
260 | $aZurich$bSwiss Re Institute$c2018 | ||
300 | $a2 p. | ||
490 | 0 | $aEconomic insights$v6 | |
520 | $aThe Phillips Curve, which says that as the unemployment rate falls, nominal wages will rise, is making a comeback. Many labour markets are beyond full employment and wage inflation is set to rise. It may spike in an overheating risk scenario. Non-life insurers, most notably in casualty lines, can expect increased claims severity. In life, demand for new business may fall | ||
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