Work

On the Relationships between Wages, Prices, and Economic Activity

Year: 2014

Type: article

Abstract: We take a closer look at the connections between wages, prices, and economic activity. We find that causal relationships between wages and prices are difficult to identify, and the ability of wages to help predict future inflation is limited. Wages appear to be useful in assessing the current state of labor markets, but they are not necessarily sufficient for thinking about where the economy and inflation are going.

Source: Economic Commentary (Federal Reserve Bank of Cleveland)

DOI: 10.26509/frbc-ec-201414

Authors: Edward S. Knotek, Saeed Zaman

Institution: Federal Reserve Bank of Cleveland

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W808349278

FWCI: 1.869

Cites: 24

Cited by: 22

Related to: 10