Do labor market activities help predict inflation?
Abstract: The authors conduct an empirical analysis of the role of labor market activities in inflation and conclude that wage growth is not very informative for predicting price inflation. But price inflation does seem to help predict wage growth.
Keywords: Labor market;
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2010/2qtr2010_part2_hu_toussaint_comeau.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2010
Issue: Q II