Browsing College of Human Sciences by Subject "Autoregression (Statistics)"

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Does labor's share drive inflation?

Rudd, Jeremy ; Whelan, Karl (Blackwell - published on behalf of The Ohio State University, 2005-04)

A number of researchers have recently argued that the new-Keynesian Phillips curve matches the empirical behavior of inflation well when the labor income share is used as a driving variable, but fits poorly when deterministically ...
Wage Curve vs. Phillips Curve : are there macroeconomic implications?

Whelan, Karl (Federal Reserve, 1997-10-14)

The standard derivation of the accelerationist Phillips curve relates expected real wage inflation to the unemployment rate and invokes a constant price markup and adaptive expectations to generate the accelerationist price ...