Real output and unit labor costs as predictors of inflation
AbstractGranger-causality tests used here find that:  unit labor costs add no predictive power to inflation forecasts; and  the gap between actual and potential output does help predict inflation, but only in the short run.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Richmond in its journal Economic Review.
Volume (Year): (1990)
Issue (Month): Jul ()
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