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Author: | Ghali, K. |
Title: | Wage growth and the inflation process: a multivariate cointegration analysis. |
Journal: | Journal of Money, Credit and Banking
1999 : AUG, VOL. 31:3 Pt. 1, p. 417-431 |
Index terms: | Earnings Incomes Pay |
Language: | eng |
Abstract: | This paper presents a Phillips curve model of the inflation process and discusses the relationship between wages and prices. It also demonstrates how the techniques of multivariate cointegration and hypotheses testing can be used to test for wage-price temporal causal dynamics. |
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