Real output and unit labor costs as predictors of inflation

Granger-causality tests used here find that: [1] unit labor costs add no predictive power to inflation forecasts; and [2] the gap between actual and potential output does help predict inflation, but only in the short run.

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Year of publication:	1990
Authors:	Mehra, Yash P.
Published in:	Economic Review. - Federal Reserve Bank of Richmond. - 1990, Jul, v. 76, no. 4, p. 31-39
Publisher:	Federal Reserve Bank of Richmond
Subject:	Wages \| Inflation (Finance) \| Forecasting

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063975