IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v57y1981i4p319-331.html

Inflation in the USA, UK and Australia:Some Comparisons

Author

Listed:
  • L. J. PERRY

Abstract

USA, UK and Australian wage inflation experiences during the post‐World‐War‐II period are examined principally within the framework of the long‐run Phillips curve model. Attention is drawn to the sensitivity of wage rate changes to retail price level changes and to the possibility of a temporal change in this relationship. The analyses of these countries are compared so as to highlight similarities and differences.

Suggested Citation

  • L. J. Perry, 1981. "Inflation in the USA, UK and Australia:Some Comparisons," The Economic Record, The Economic Society of Australia, vol. 57(4), pages 319-331, December.
    • Handle: RePEc:bla:ecorec:v:57:y:1981:i:4:p:319-331
    DOI: 10.1111/j.1475-4932.1981.tb01068.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1981.tb01068.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1981.tb01068.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. L'Esperance, Wilford L & Chall, Daniel & Taylor, Daniel, 1976. "An Algorithm for Determining the Distribution Function of the Durbin-Watson Test Statistic," Econometrica, Econometric Society, vol. 44(6), pages 1325-1326, November.
    2. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
    3. L'Esperance, Wilford L. & Taylor, Daniel, 1975. "The power of four tests of autocorrelation in the linear regression model," Journal of Econometrics, Elsevier, vol. 3(1), pages 1-21, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael A. Clemens, 2017. "The Meaning Of Failed Replications: A Review And Proposal," Journal of Economic Surveys, Wiley Blackwell, vol. 31(1), pages 326-342, February.
    2. Giuseppe Orlando & Mario Sportelli, 2021. "Growth and Cycles as a Struggle: Lotka–Volterra, Goodwin and Phillips," Dynamic Modeling and Econometrics in Economics and Finance, in: Giuseppe Orlando & Alexander N. Pisarchik & Ruedi Stoop (ed.), Nonlinearities in Economics, chapter 0, pages 191-208, Springer.
    3. Frédéric Gannon & Stéphane Hamayon & Florence Legros & Vincent Touzé, 2014. "Sustainability of the French first pillar pension scheme (CNAV): assessing automatic balance," Sciences Po Economics Publications (main) hal-03460192, HAL.
    4. David G. Blanchflower & Andrew Oswald, 1995. "International Wage Curves," NBER Chapters, in: Differences and Changes in Wage Structures, pages 145-174, National Bureau of Economic Research, Inc.
    5. Bill Russell, 2014. "ARCH and structural breaks in United States inflation," Applied Economics Letters, Taylor & Francis Journals, vol. 21(14), pages 973-978, September.
    6. Carlos Medel, 2017. "Forecasting Chilean inflation with the hybrid new keynesian Phillips curve: globalisation, combination, and accuracy," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(3), pages 004-050, December.
    7. Esu, Godwin & Atan, Johnson, 2017. "The Philip's Curve in Sub-Saharan Africa: Evidence from Panel Data Analysis," MPRA Paper 82112, University Library of Munich, Germany.
    8. Kamel Helali & Thouraya Boujelbene Dammak, 2019. "Examining the Role of Structural Change in a Phillips Curve: Bivariate GARCH DCC Analysis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 385-393, September.
    9. Tomasz Grodzicki & Mateusz Jankiewicz, 2020. "Forecasting the Level of Unemployment, Inflation and Wages: The Case of Sweden," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 400-409.
    10. Ebaidalla Mahjoub Ebaidalla, 2015. "Do ICTs Reduce Youth Unemployment in MENA Countries?," Working Papers 964, Economic Research Forum, revised Nov 2015.
    11. Bordo, Michael D. & Rockoff, Hugh, 2013. "The Influence Of Irving Fisher On Milton Friedman’S Monetary Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 35(2), pages 153-177, June.
    12. Christian Johnson & George G Kaufman, 2007. "Un banco, con cualquier otro nombre…," Boletín, CEMLA, vol. 0(4), pages 185-199, Octubre-d.
    13. Ghafar, Aiman & Masih, Mansur, 2017. "The unemployment rate and its determinants: the Malaysian case," MPRA Paper 110220, University Library of Munich, Germany.
    14. Ivan Kitov & Oleg Kitov, 2013. "Does Banque de France control inflation and unemployment?," Papers 1311.1097, arXiv.org.
    15. Mehak Moazam & M. Ali Kemal, 2016. "Inflation in Pakistan: Money or Oil Prices," Working Papers id:11507, eSocialSciences.
    16. Ersin Yavuz & Emre Kilic & Abdullah Emre Caglar, 2024. "A new hypothesis for the unemployment-environment dilemma: is the environmental Phillips curve valid in the framework of load capacity factor in Turkiye?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29475-29492, November.
    17. Francçois Lescaroux, 2011. "The Oil Price-Microeconomy Relationship is Alive and Well," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 25-48.
    18. repec:voc:wpaper:tech82012 is not listed on IDEAS
    19. Israel, Karl-Friedrich, 2017. "In the long run we are all unemployed?," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 67-81.
    20. Lucas, Robert E, Jr, 1996. "Nobel Lecture: Monetary Neutrality," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 661-682, August.
    21. Skare, Marinko, 2010. "Can there be a 'golden triangle' of internal equilibrium?," Journal of Policy Modeling, Elsevier, vol. 32(4), pages 562-573, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:57:y:1981:i:4:p:319-331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.