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Do labor market activities help predict inflation?

Author

Listed:
  • Luojia Hu
  • Maude Toussaint-Comeau

Abstract

The authors conduct an empirical analysis of the role of labor market activities in inflation and conclude that wage growth is not very informative for predicting price inflation. But price inflation does seem to help predict wage growth.

Suggested Citation

  • Luojia Hu & Maude Toussaint-Comeau, 2010. "Do labor market activities help predict inflation?," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 34(Q II), pages 52-63.
    • Handle: RePEc:fip:fedhep:y:2010:i:qii:p:52-63:n:v.34no.2
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    References listed on IDEAS

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    Cited by:

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    3. Bobeica, Elena & Ciccarelli, Matteo & Vansteenkiste, Isabel, 2021. "The changing link between labor cost and price inflation in the United States," Working Paper Series 2583, European Central Bank.
    4. M. A. Ivanova, 2016. "Analysis of the nature of cause-and-effect relationship between inflation and wage in Russia," Studies on Russian Economic Development, Springer, vol. 27(5), pages 575-584, September.

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