As one of the most pioneering development economists, Hans Singer has stimulated many of the ideas that have engaged the attention of the world community for several decades. Not only has he helped to form an understanding of the problems of developing countries, but he has also shown what might...

Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the interaction between inflation and labor market regulations...