Is China¡¯s inflation pushed by wages? An empirical research based on excess wages

Zhiyong Fan ()
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Zhiyong Fan: School of Economics, Renmin University of China, Beijing 100872, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2009, vol. 4, issue 4, 572-587

Abstract: Whether China’s inflation since 2007 is demand-pull or cost-push has become the study focus. Different opinions about the originations of the inflation indicate different policies against further inflation. VAR research based on the import price, money supply, excess wage and inflation rate finds that money supply instead of excess wage has made the most contribution for current inflation since 2000. Further evidence from sectoral data also confirms the conclusion of the VAR research. So there was no “wage-inflation” vicious circle in China during 2000–2007.

Keywords: inflation; demand pull; cost push; excess wage (search for similar items in EconPapers)
JEL-codes: E24 E31 E51 (search for similar items in EconPapers)
Date: 2009
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