Wage Growth and Inflation in the United States: Further Evidence from Johansen's Cointegration Approach

Victor Ukpolo

The American Economist, 1997, vol. 41, issue 1, 53-58

Abstract: This paper examines the relationship between wage growth and inflation in the United States. It has been hypothesized that an autonomous wage change represent a significant component of inflation determination. We adopted the recent technique of unit-root testing and Johansen's maximum likelihood procedure to show that, although, wage growth has some long-run impact on inflation pressures, it represents an insignificant determinant of inflation.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:41:y:1997:i:1:p:53-58

DOI: 10.1177/056943459704100106

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