1990s, a period characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is … consistent with emerging downward wage rigidities in a low-inflation environment. Compositional effects associated with changes …

characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is consistent with emerging … downward wage rigidities in a low inflation environment. Compositional effects associated with changes in labor participation …

This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …-agriculture employment but has no effect on inflation. The inflation finding suggests that strikes do not cause a wage-price spiral because …

consequence, inflation is less volatile and output is more volatile than under a non-robust policy. Under one particular timing …