IDEAS home Printed from https://ideas.repec.org/a/oup/ecinqu/v37y1999i3p452-72.html
   My bibliography  Save this article

Industrial Output Variability and Real Wage Fluctuations: Determinants and Implications

Author

Listed:
  • Kandil, Magda

Abstract

The cyclical behavior of the real wage differentiates between the empirical validity of major new Keynesian sticky-wage and sticky-price explanations of business cycles. Across industries of the United States, an increase in price flexibility relative to wage flexibility correlates with a reduction in output fluctuations in the face of demand shocks. Further, industrial real output variability does not vary significantly with nominal wage flexibility. In contrast, an increase in price flexibility moderates industrial real output variability. Consistently, an increase in the real wage response to demand shocks correlates with an increase in industrial output variability. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Kandil, Magda, 1999. "Industrial Output Variability and Real Wage Fluctuations: Determinants and Implications," Economic Inquiry, Western Economic Association International, vol. 37(3), pages 452-472, July.
    • Handle: RePEc:oup:ecinqu:v:37:y:1999:i:3:p:452-72
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kandil, Magda, 2007. "The wage-price spiral: International evidence and implications," Journal of Economics and Business, Elsevier, vol. 59(3), pages 212-240.
    2. Magda Kandil, 2001. "Variation in the Effects of Aggregate Demand Shocks: Evidence and Implications across Industrial Countries," Southern Economic Journal, John Wiley & Sons, vol. 67(3), pages 552-577, January.
    3. Magda Kandil, 2010. "Demand Shocks and the Cyclical Behavior of the Real Wage: Some International Evidence," Journal of Applied Economics, Taylor & Francis Journals, vol. 13(1), pages 135-158, May.
    4. Kandil, Magda & Mirzaie, Aghdas, 2002. "Exchange rate fluctuations and disaggregated economic activity in the US: theory and evidence," Journal of International Money and Finance, Elsevier, vol. 21(1), pages 1-31, February.

    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:oup:ecinqu:v:37:y:1999:i:3:p:452-72. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.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.