Journal Article
Real output and unit labor costs as predictors of inflation
Abstract: Granger-causality tests used here find that: [1] unit labor costs add no predictive power to inflation forecasts; and [2] the gap between actual and potential output does help predict inflation, but only in the short run.
Access Documents
File(s):
File format is text/html
https://fraser.stlouisfed.org/title/economic-quarterly-federal-reserve-bank-richmond-960/july-august-1990-477361?page=29
Description: Full Text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1990
Volume: 76
Issue: Jul
Pages: 31-39