This paper provides an empirical investigation into the determinants and stability of the aggregate wage inflation process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a Phillips curve model that links wage growth to its past...

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Among other areas such as housing and urban renewal, economic development was seen as a key factor in the recovery in Leipzig. The City Department of Economic Development and the Economic Initiative Mitteldeutschland, a lobby group representing large regional employers, designed a cluster...