Inflation, wages and money

Vratislav Izák

Prague Economic Papers, 1996, vol. 1996, issue 3

Abstract: The preliminary results seem to confirm a greater relevance of postkeynesian than monetaristic approaches in the inflation field. Whereas prices are co-integrated, according to CRDW in a static regression, with wages, they are not co-integrated with money, therefore the association between money and prices in four-years period is lower than expected at first sight. One must mention that in the Czech Republic the term exogenous supply of money, has a special meaning.

Date: 1996
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DOI: 10.18267/j.pep.107

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