Real output and unit labor costs as predictors of inflation

Yash P. Mehra

Economic Review, 1990, vol. 76, issue Jul, 31-39

Abstract: Granger-causality tests used here find that: [1] unit labor costs add no predictive power to inflation forecasts; and [2] the gap between actual and potential output does help predict inflation, but only in the short run.

Keywords: Wages; Inflation (Finance); Forecasting (search for similar items in EconPapers)
Date: 1990
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