Authors
Gregory D Hess, Mark Schweitzer
Publication date
2000/4
Journal
FRB of Cleveland Policy Discussion Paper
Issue
1
Description
Recent attention has turned from unemployment levels to wage growth as an indicator of imminent inflation. But is there any evidence to support the assumption that increased wages cause inflation? This study updates and expands earlier research into this question and finds little support for the view that higher wages cause higher prices. On the contrary, the authors find more evidence that higher prices lead to wage growth.
Total citations
Scholar articles
GD Hess, M Schweitzer - FRB of Cleveland Policy Discussion Paper, 2000