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Relative Wages and the Rate of Inflation

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  • George A. Akerlof

Abstract

I. Introduction, 353. — II. A price-price inflation, 355. — III. A wage-wage inflation, 363. — IV. Spontaneous inflations and general equilibrium, 371. — V. Conclusions, 373.

Suggested Citation

  • George A. Akerlof, 1969. "Relative Wages and the Rate of Inflation," The Quarterly Journal of Economics, Oxford University Press, vol. 83(3), pages 353-374.
  • Handle: RePEc:oup:qjecon:v:83:y:1969:i:3:p:353-374.
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    Citations

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    Cited by:

    1. George A. Akerlof, 2003. "Behavioral Macroeconomics and Macroeconomic Behavior," The American Economist, Sage Publications, vol. 47(1), pages 25-47, March.
    2. Andrew S. Caplin & Daniel F. Spulber, 1987. "Menu Costs and the Neutrality of Money," The Quarterly Journal of Economics, Oxford University Press, vol. 102(4), pages 703-725.
    3. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2015. "Preferences for Fair Prices, Cursed Inferences, and the Nonneutrality of Money," CEP Discussion Papers dp1325, Centre for Economic Performance, LSE.
    4. Drakopoulos, Stavros A., 1994. "Trade Union Priorities and Wage Rigidity," MPRA Paper 35791, University Library of Munich, Germany.
    5. Chengsi Zhang & Joel Clovis, 2010. "The New Keynesian Phillips Curve of rational expectations: A serial correlation extension," Journal of Applied Economics, Universidad del CEMA, vol. 13, pages 159-179, May.
    6. Wolfgang Pollan, 2012. "Incomes Policies, Expectations and the NAIRU," WIFO Working Papers 433, WIFO.
    7. Eyster, Erik & Madarasz, Kristof & Michaillat, Pascal, 2014. "The curse of inflation," LSE Research Online Documents on Economics 86325, London School of Economics and Political Science, LSE Library.
    8. Habib Ahmed & Stephen M. Miller, 1999. "A Model of Endogenous Union Density and Membership," Working papers 1999-01, University of Connecticut, Department of Economics.
    9. W. Craig Riddell, 1983. "The Responsiveness of Wage Settlements in Canada and Economic Policy," Canadian Public Policy, University of Toronto Press, vol. 9(1), pages 9-23, March.
    10. de la Croix, David, 1994. " Wage Interdependence through Decentralized Bargaining," Journal of Economic Surveys, Wiley Blackwell, vol. 8(4), pages 371-403, December.
    11. Edmund Phelps, 1978. "Disinflation without recession: Adaptive guideposts and monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(4), pages 783-809, December.

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