The Wage-Price Spiral : Industrial Country Evidence and Implications /
Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During economic ex...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2003
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| Series: | IMF Working Papers ;
Working Paper No. 03/164 IMF eLibrary |
| Subjects: |