Labor Force Participation:  Recent Developments and Future Prospects, Brookings Papers on Economic Activity, Fall, 197‐255; and Bonam, D., de Haan, J. and D. van Limbergen (2018). Time‐varying wage Phillips curves in the euro area with a new measure for labor market slack, DNB WP 587, March. 3  dampened inflation for some time.
We should note, however, that a successful transition is not just a matter of isolated changes in the energy sector. We must also consider the potential risks associated with this transition given the interplay among economic activities. According to some experts, “transitions are systemic in nature, characterized by coevolution between different actors, institutions, supply and distribution chains,” among others.