The effects of inflation on wage adjustments in firm-level data: grease or sand?

An analysis of whether inflation facilitates adjustments to shocks or distorts relative prices, examining the wage-setting process across a panel of occupations and employers and finding that the costs of inflation may rise more rapidly than its benefits beyond quite modest rates of increase in the price level.

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Year of publication:	1994
Authors:	Groshen, Erica L. ; Schweitzer, Mark E.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Inflation (Finance) \| Wages

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9418
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428215