Does labor's share drive inflation?

Journal of Money, Credit and Banking

Volumn 37, Issue 2, 2005, Pages 297-312

  Rudd, Jeremy ^a   Whelan, Karl ^b  

^a FEDERAL RESERVE BOARD   (United States)

^b Central Bank of Ireland ^*  (Ireland)

Author keywords

Marginal cost; Output gap; Phillips curve; Sticky prices

Indexed keywords

EID: 18144413569     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1353/mcb.2005.0023     Document Type: Article

References (9)

1. Fuhrer, Jeffrey C., and George R. Moore (1995). "Inflation Persistence." Quarterly Journal of Economics 110, 127-159.
2. Galí, Jordi, and Mark Gertler (1999). "Inflation Dynamics: A Structural Econometric Analysis." Journal of Monetary Economics 44, 195-222.
3. Goodfriend, Marvin, and Robert King (2001). "The Case for Price Stability." NBER Working Paper No. 8423.
4. Rotemberg, Julio, and Michael Woodford (1999). "The Cyclical Behavior of Prices and Costs." In Handbook of Macroeconomics, Vol. 1B, edited by John Taylor, and Michael Woodford, pp. 1051-1135. Amsterdam: North-Holland.
5. Rudd, Jeremy, and Karl Whelan (2001). "New Tests of the New-Keynesian Phillips Curve." Federal Reserve Board, Finance and Economics Discussion Series Paper No. 2001-30.
6. Sargent, Thomas J. (1987). Macroeconomic Theory, 2nd edition. Boston, MA: Academic Press.
7. Sbordone, Argia (2001). "An Optimizing Model of U.S. Wage and Price Dynamics." March draft, Rutgers University.
8. Sbordone, Argia (2002). "Prices and Unit Labor Costs: A New Test of Price Stickiness." Journal of Monetary Economics 49, 265-292.
9. Woodford, Michael (2001). "The Taylor Rule and Optimal Monetary Policy." American Economic Review 91, 232-237.