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Structural change in US wage determination

Rich, Robert W.; Rissmiller, Donald - 2001

process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a … productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and …

Persistent link: https://www.econbiz.de/10010283324

Labor compensation and inflation

Kahn, George A. - In: Financial Letters (1989) May

Persistent link: https://www.econbiz.de/10010942142

Labor compensation and inflation during business expansion

Weiner, Stuart E. - In: Financial Letters (1986) Oct

Persistent link: https://www.econbiz.de/10010942146

Tradeoffs between inflation and output-gap variances in an optimizing-agent model

Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - Federal Reserve Board (Board of Governors of the … - 1998

the special case in which prices are sticky and wages are perfectly flexible. When the model is calibrated to exhibit an …

Persistent link: https://www.econbiz.de/10005368225

Optimal fiscal and monetary policy with costly wage bargaining

Arseneau, David M.; Chugh, Sanjay K. - Federal Reserve Board (Board of Governors of the … - 2007

nominal wages. This finding contrasts with results obtained using standard sticky-wage models, which employ Walrasian labor … tolerate large fluctuations in real wages that would otherwise not be tolerated in a standard model with Walrasian labor … markets; as a result, any concern for stabilizing nominal wages does not translate into a concern for stabilizing nominal …

Persistent link: https://www.econbiz.de/10005368440

Is there an inflation puzzle?

Lown, Cara S.; Rich, Robert W. - In: Economic Policy Review (1997) Dec, pp. 51-77

Why has U.S. inflation failed to accelerate despite six years of continuing economic expansion. The authors investigate whether compensation growth has played a role, either as a temporary restraint on inflation or as the underlying source of a new inflation regime. They offer two pieces of...

Persistent link: https://www.econbiz.de/10005372937