Is French (dis)inflation explained by conflicting-claims theory? Evidence from cointegration with structural break

Sebastien Charles

Applied Economics, 2024, vol. 56, issue 6, 728-743

Abstract: The aim of this article is to provide an explanation of French (dis)inflation based on the conflicting-claims theory. Making use of cointegration techniques with structural breaks, we bring some empirical evidence suggesting the soundness of such a theory in order to explain the variation of inflation in the long run. Amongst our main results, we show that the transition from the Great Inflation of the 1970s to the Great Moderation was the consequence of a dramatic collapse in the bargaining power of both workers and firms. As a secondary objective, it is also an attempt to fill the gap with other competing theories of inflation since the conflicting-claims approach is characterized by a relative paucity in terms of empirical works.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2023.2287558 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:56:y:2024:i:6:p:728-743

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2023.2287558

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().