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US inflation, labor's share, and the natural rate of unemployment

Gordon, Robert J. - 1988

Persistent link: https://www.econbiz.de/10000752434

Price inertia and policy ineffectiveness in the United States, 1890-1980

Gordon, Robert J. - 1981

Persistent link: https://www.econbiz.de/10002470688

Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon

Gordon, Robert J. - 2004 - 1. publ.

Persistent link: https://www.econbiz.de/10001700490

Foundations of the goldilocks economy : supply shocks and the time-varying NAIRU

Gordon, Robert J. - In: Brookings papers on economic activity : BPEA (1998) 2, pp. 297-346

Persistent link: https://www.econbiz.de/10001364522

U.S. Inflation, Labor'S Share, and the Natural Rate of Unemployment

Gordon, Robert J. - 2021

matters for stabilization policy is the rate of inflation, not the rate of wage change. This paper provides new estimates of … result in the paper is that wage changes do not contribute statistically to the explanation of inflation. Deviations in the … growth of labor cost from the path of inflation cause changes in labor's income share, and changes in the profit share in the …

Persistent link: https://www.econbiz.de/10013218329

Price Inertia and Policy Ineffectiveness in the United States, 1890-1980

Gordon, Robert J. - 1981

This paper introduces a new approach to the empirical testing of the Lucas- Sargent-Wallace (LSW) "policy ineffectiveness proposition." Instead of testing that hypothesis in isolation from any plausible alternative, the paper develops a single empirical equation explaining price change that...

Persistent link: https://www.econbiz.de/10012478371