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Inflation in the USA, UK and Australia:Some Comparisons

L. J. Perry

The Economic Record, 1981, vol. 57, issue 4, 319-331

Abstract: USA, UK and Australian wage inflation experiences during the post‐World‐War‐II period are examined principally within the framework of the long‐run Phillips curve model. Attention is drawn to the sensitivity of wage rate changes to retail price level changes and to the possibility of a temporal change in this relationship. The analyses of these countries are compared so as to highlight similarities and differences.

Date: 1981
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https://doi.org/10.1111/j.1475-4932.1981.tb01068.x

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