Inflation and output

a review of the wage-price mechanism

By Palle Schelde Andersen

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Publish Date

1989

Publisher

Bank for International Settlements, Monetary and Economic Dept.

Language

eng

Pages

Description:

Reviews the short and long-run trends in output inflation and money supply growth. Discusses major models of the wage-price mechanisism and then turns to the empirical evidence with respect to the parameters of wage and price.

subjects: Gross national product, Inflation (Finance), Monetary policy, Phillips curve, Wages and labor productivity