The effects of inflation on wage adjustments in firm-level data: grease or sand?

No 9418, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An analysis of whether inflation facilitates adjustments to shocks or distorts relative prices, examining the wage-setting process across a panel of occupations and employers and finding that the costs of inflation may rise more rapidly than its benefits beyond quite modest rates of increase in the price level.

Keywords: Inflation (Finance); Wages (search for similar items in EconPapers)
Date: 1994
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Working Paper: The effects of inflation on wage adjustments in firm-level data: grease or sand? (1996)
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