mass index (BMI). Using data from the 1986 and 1999-2005 Panel Study of Income Dynamics, we estimate semi-parametric wage …

account. We find that historical adjustment of eligibility ages for age inflation would have increased ages of eligibility by …

inflation. In the 2000s, and at least until the end of 2007, even larger increases in the price of oil were associated with much … milder movements in output and inflation. Using a structural VAR approach Blanchard and Gali (2007a) argued that this has … reflected in large part a change in the causal relation from the price of oil to output and inflation. In order to shed light on …

This paper shows that the effects on real income and the price level of the 1973-1974 oil price increase are quite … parameter values imply trivial reductions in real income and ambiguously signed changes in the price level. It is noted, however … extended Barro-Lucas real income equation are estimated for eight countries. Although statistically significant and substantial …

Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate …, the oil crisis is blamed for the 1973-74 high inflation. However, due to monetary policy decisions in 1972-73, the … inflation rate had already exceeded 10% before the onset of the oil crisis in October 1973. These decisions include the interest …

for the mild effects on inflation and economic activity of the recent increase in the price of oil: (a) good luck (i …

fluctuations associated with these events are also discussed, as is their role in the recent surge of inflation, with a particular …

Using annual IMS data from 1990 to 1996, we examine empirically whether whether elderly-nonelderly price inflation … point in the distribution chain, there are no differences in price inflation for the aggregate of drugs destined for use by …), antidepressants (ADs) and calcium channel blockers (CCBs). For ABs, since 1992 elderly price inflation is somewhat greater than for …

instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax … schedule was fixed in nominal terms while inflation was high (around 10%). This produced a real change in tax rate schedules … changes in income between taxpayers close to the top-end of a tax bracket to the other taxpayers. These estimates, based on …