Who Is the Greatest Culprit for Inflation in Canada: the Private Or the State Enterprises? and Inside Each of Them, Is It Labor Or Capital (Real and Financial) Which Is Pushing Upward the Price Level Most Strongly? the Aim of This Paper Is to Test Such Hypotheses From a Sample over the Last Ten...

We Show That the Destabilizing Effects of Price Flexibility Due to the Increased Sensitivity of Contract Wages to Labor Market Tightness Depends Critically on an Arbitrary Restriction on the Information Available to Wage Settes Who Ae Negotiating Contact Renewals. If These Agents Are Put on the...