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Feedback between Monetary Policy, Labor Market Activity, and Wage Inflation in the U.S., 1955-1978

机译:1955 - 1978年美国货币政策,劳动力市场活动与工资通胀之间的反馈

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摘要

Measures of feedback between the monetary growth rate, labor market activity variables, and rates of wage inflation, and their decomposition by frequency are estimated in this paper. These estimates are compared with what alternative comparative static macroeconomic models lead us to expect of these measures.

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