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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, President and Fellows of Harvard College, vol. 83(3), pages 353-374.
    • Handle: RePEc:oup:qjecon:v:83:y:1969:i:3:p:353-374.
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    File URL: http://hdl.handle.net/10.2307/1880526
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    Citations

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    Cited by:

    1. Drakopoulos, Stavros A., 1994. "Trade Union Priorities and Wage Rigidity," MPRA Paper 35791, University Library of Munich, Germany.
    2. Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2014. "The Curse of Inflation," CEPR Discussion Papers 10286, C.E.P.R. Discussion Papers.
    3. 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.
    4. 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.
    5. Wolfgang Pollan, 2012. "Incomes Policies, Expectations and the NAIRU," WIFO Working Papers 433, WIFO.
    6. de la Croix, David, 1994. "Wage Interdependence through Decentralized Bargaining," Journal of Economic Surveys, Wiley Blackwell, vol. 8(4), pages 371-403, December.
    7. George A. Akerlof, 2003. "Behavioral Macroeconomics and Macroeconomic Behavior," The American Economist, Sage Publications, vol. 47(1), pages 25-47, March.
    8. Thomas Mayer & Gunther Schnabl, 2023. "How to escape from the debt trap: Lessons from the past," The World Economy, Wiley Blackwell, vol. 46(4), pages 991-1016, April.
    9. Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
    10. Andrew S. Caplin & Daniel F. Spulber, 1987. "Menu Costs and the Neutrality of Money," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(4), pages 703-725.
    11. Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2015. "Preferences for fair prices, cursed inferences, and the nonneutrality of money," LSE Research Online Documents on Economics 60845, London School of Economics and Political Science, LSE Library.
    12. Habib Ahmed & Stephen M. Miller, 1999. "A Model of Endogenous Union Density and Membership," Working papers 1999-01, University of Connecticut, Department of Economics.
    13. 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.
    14. Vasilev, Aleksandar, 2013. "Essays on Real Business Cycle Modeling and the Public Sector," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 130522, July.

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