The Wage-Price Spiral : Industrial Country Evidence and Implications

Industrial Country Evidence and Implications

The Wage-Price Spiral : Industrial Country Evidence and Implications
Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During economic expansions, the overlap of nominal adjustments in... READ MORE...

Publication date: August 2003
ISBN 9781451858013
$15.00

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