, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits …. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one …A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But …

final consumption delivers a superstar effect: GDP depends disproportionately on the highest levels of productivity in the …

Inflation is often assumed to affect all people in the same way. In practice, differences in spending patterns across … households and differences in price increases across goods and services lead to unequal levels of inflation for different … households. In this paper, we measure the degree of inequality in inflation across U.S. households for the period 1987-2001.Our …