JSTOR Citation List

@comment{{ These records have been provided through JSTOR. http://www.jstor.org }}

@article{c9662c83-513b-3107-b668-e797f681b75d,
ISSN = {01435671, 14755890},
URL = {http://www.jstor.org/stable/24437143},
author = {KEVIN DENNY and STEPHEN MACHIN},
journal = {Fiscal Studies},
number = {2},
pages = {34--45},
publisher = {Wiley},
title = {The Role of Profitability and Industrial Wages in Firm-Level Wage
Determination},
urldate = {2023-12-05},
volume = {12},
year = {1991}
}

@article{40c08738-c704-3e5b-9baf-84dcc5aed0d7,
ISSN = {00220485, 21524068},
URL = {http://www.jstor.org/stable/30042561},
abstract = {The authors suggest a way to teach Keynes's principle of effective
demand using a standard aggregate labor market diagram that should be familiar to
students taking an advanced undergraduate course in macroeconomics. The analysis
incorporates Kalecki's version of the effective demand model to show Keynesian
unemployment as a point on the aggregate labor demand curve inside the aggregate
labor supply curve. The well-known Keynesian policy conclusions apply. In
particular, workers and firms are unable to restore full employment by reducing
real wages, underlining how important is the macroeconomic duty of the monetary and
fiscal authorities to manage aggregate demand growth.},
author = {Paul Dalziel and Marc Lavoie},
journal = {The Journal of Economic Education},
number = {4},
pages = {333--340},
publisher = {Taylor & Francis, Ltd.},
title = {Teaching Keynes's Principle of Effective Demand Using the Aggregate Labor
Market Diagram},
urldate = {2023-12-05},
volume = {34},
year = {2003}
}

@inbook{ffd981f1-979e-39e2-8364-13ffa59d98a7,
ISBN = {9780812278071},
URL = {http://www.jstor.org/stable/j.ctt173zmbk.16},
abstract = {Chronic inflation can play havoc with monetary compensation awarded by
the courts for such common actions as tort, breach of contract, and condemnation.
The nominalist principle and a steadily depreciating currency, operating in tandem,
effectively thwart the basic purpose indemnification—restoration of thestatus quo
anteto the extent monetarily possible.Inflation erodes the value of monetary
damages in a variety of ways. Where damages are liquidated or are calculated as of
the date of the tort, breach of contract, or taking, inflation between that date
and the day of judgment will reduce the value of the compensation awarded. If},
author = {KEITH S. ROSENN},
booktitle = {Law and Inflation},
pages = {220--266},
publisher = {University of Pennsylvania Press},
title = {MONETARY COMPENSATION AND INFLATION},
urldate = {2023-12-05},
year = {1982}
}

@article{f5deddfb-c11e-32fd-ad19-e5ca5c0fe782,
ISSN = {05775132, 15581489},
URL = {http://www.jstor.org/stable/40719760},
author = {Robert Eisner},
journal = {Challenge},
number = {3},
pages = {49--51},
publisher = {Taylor & Francis, Ltd.},
title = {A Direct Attack on Unemployment and Inflation},
urldate = {2023-12-05},
volume = {21},
year = {1978}
}

@article{4bf18796-b0ff-3f00-a589-ba6655abb954,
ISSN = {05694345, 23281235},
URL = {https://www.jstor.org/stable/26725776},
abstract = {Post Keynesian economics is based on the economics of John Maynard
Keynes. Unlike Keynesianism, it does not rely on rigidities or imperfections to
explain less-than-full employment, a condition that they argue is the rule rather
than the exception. One key implication of this is that Post Keynesians do not view
economics as being the science of scarcity. In the real world, our most difficult
challenge is related to the pervasive and chronic abundance of one particular
resource: labor. The consequences of this abundance are significant, widespread,
and avoidable. This article explains how they come to such a conclusion.},
author = {John T. Harvey},
journal = {The American Economist},
number = {2},
pages = {140--156},
publisher = {Sage Publications, Inc.},
title = {An Introduction to Post Keynesian Economics: Involuntary Unemployment
With Perfectly Flexible Wages and Prices},
urldate = {2023-12-05},
volume = {61},
year = {2016}
}
@article{26d3424e-b1e6-3898-b15f-8553d3f03977,
ISSN = {00224367, 15396975},
URL = {http://www.jstor.org/stable/252339},
abstract = {This study examines how the operating efficiency of an important group
of mutual life insurers changed in relation to inflation and insurer size between
the mid-sixties and mid-seventies. Actual-to-standard expense ratios are the
measure of operating efficiency for the ordinary line of business; other lines of
business are not investigated. Expense ratios for the life insurers increased far
less than the Consumer Price Index, wage indices, and other measures of
inflation.},
author = {S. Travis Pritchett and Phyllis Schiller Myers},
journal = {The Journal of Risk and Insurance},
number = {2},
pages = {346--357},
publisher = {[American Risk and Insurance Association, Wiley]},
title = {Changes in Life Insurer Operating Expenses during Inflation},
urldate = {2023-12-05},
volume = {47},
year = {1980}
}

@article{7b5a69f6-e939-3183-bfdd-fcfbf9bac41a,
ISSN = {0034379X, 17038138},
URL = {http://www.jstor.org/stable/23072533},
abstract = {Wide divergence of views exists on the power of unions to influence
the general wage level. This paper contrasts selected views. A modified
Trevithick/Mulvey classification of union reaction to escess demand for labour is
used to classify writers. A second part examines questions of union power and
militancy.},
author = {C.G. Williams},
journal = {Relations Industrielles / Industrial Relations},
number = {3},
pages = {498--527},
publisher = {Départment des Relations Industrielles, Université Laval},
title = {The Role of Unions in Inflation: A Survey Article},
urldate = {2023-12-05},
volume = {37},
year = {1982}
}

@article{6a9a3e0d-63d9-3c44-8d77-baedf1e4abe2,
ISSN = {0309166X, 14643545},
URL = {http://www.jstor.org/stable/23598097},
author = {Amitava Krishna Dutt},
journal = {Cambridge Journal of Economics},
number = {1},
pages = {75--82},
publisher = {Oxford University Press},
title = {Alternative closures again: a comment on 'Growth, distribution and
inflation'},
urldate = {2023-12-05},
volume = {11},
year = {1987}
}

@article{3fef5a7c-7305-3c39-ac99-dba26e1f1106,
ISSN = {00130133, 14680297},
URL = {http://www.jstor.org/stable/3590355},
abstract = {We compare monetary union to flexible exchange rates in an asymmetric,
three-country model with active monetary policy. We find that countries with a high
degree of nominal wage rigidity benefit from monetary union, especially when they
join other, similarly rigid countries. Countries with relatively more flexible
wages tend to be worse off in unions with countries that have more rigid wages. We
examine France, Germany and the UK and find that the welfare implications of
monetary arrangements depend more on the degree of wage asymmetry than on other
types of asymmetries and that the higher wage flexibility in the UK would make its
participation in EMU costly.},
author = {Harris Dellas and George Tavlas},
journal = {The Economic Journal},
number = {506},
pages = {907--927},
publisher = {[Royal Economic Society, Wiley]},
title = {Wage Rigidity and Monetary Union},
urldate = {2023-12-05},
volume = {115},
year = {2005}
}

@article{2515aafc-29ba-354c-849b-6017e0a2fc6d,
ISSN = {00208027},
URL = {http://www.jstor.org/stable/3867531},
abstract = {The effects and determinants of capital controls are studied using
panel data for 61 countries. Capital controls are more likely in countries with
lower income, a large government, and a central bank with limited independence.
Other determinants of controls include the exchange rate regime, current account
imbalances, and the degree of openness of the economy. Capital controls are found
to be associated with higher inflation and lower real interest rates. No robust
correlation is found between our measures of controls and economic growth, although
there is evidence that countries with large black market premiums on foreign
exchange grow more slowly.},
author = {Vittorio Grilli and Gian Maria Milesi-Ferretti},
journal = {Staff Papers (International Monetary Fund)},
number = {3},
pages = {517--551},
publisher = {Palgrave Macmillan Journals},
title = {Economic Effects and Structural Determinants of Capital Controls},
urldate = {2023-12-05},
volume = {42},
year = {1995}
}
@inbook{2b5d9340-cd80-309e-99d9-7a616841019b,
URL = {http://www.jstor.org/stable/j.ctt7ztzfq.10},
abstract = {Competitive inflation begins when people start increasing prices
because other prices are, or have been, increasing. It cannot occur unless people
have the power to increase prices, but we have seen that any one of the four
conditions dealt with in the preceding chapters can give people this power. People
usually decide to increase the prices that affect their incomes or profits when
other price increases have meant that their real incomes or profits go down or, at
least, go down relative to the incomes or profits of other people, creating a
disparity that is not “right.” Since it is},
author = {W. David Slawson},
booktitle = {The New Inflation: The Collapse of Free Markets},
pages = {126--154},
publisher = {Princeton University Press},
title = {Competitive Inflation},
urldate = {2023-12-05},
year = {1981}
}

@article{72f40982-4c1f-39ec-95c3-9594af890515,
ISSN = {00307653, 14643812},
URL = {http://www.jstor.org/stable/2663240},
author = {Theo van de Klundert and Frederick van der Ploeg},
journal = {Oxford Economic Papers},
number = {3},
pages = {459--489},
publisher = {Oxford University Press},
title = {Fiscal Policy and Finite Lives in Interdependent Economies with Real and
Nominal Wage Rigidity},
urldate = {2023-12-05},
volume = {41},
year = {1989}
}

@article{da8dc5e4-a030-3875-96a6-f0bd9daadbd7,
ISSN = {00346535, 15309142},
URL = {http://www.jstor.org/stable/25651392},
abstract = {I consider the empirical evidence for the sticky information model
relative to the basic sticky price model, conditional on historical measures of
inflation forecasts. The estimated structural parameters are inconsistent with an
underlying sticky information model and the sticky information Phillips curve is
statistically dominated by the new Keynesian Phillips curve. I find that the poor
performance of the sticky information approach is driven by two key elements.
First, the sticky information model understimates inflation in the 1970s and
overestimates inflation since the 1980s. Second, predicted inflation from the
sticky information model is excessively smooth.},
 author = {Olivier Coibion},
journal = {The Review of Economics and Statistics},
number = {1},
pages = {87--101},
publisher = {The MIT Press},
title = {TESTING THE STICKY INFORMATION PHILLIPS CURVE},
urldate = {2023-12-05},
volume = {92},
year = {2010}
}

@article{92ce7ce1-89dc-34fb-8546-5a65569df537,
ISSN = {00027162},
URL = {http://www.jstor.org/stable/1044671},
abstract = {This article argues that the Reagan economic program-budget slashing
and tax cutting-is bound to fail because it does not deal with new sources of
inflation. Specifically, the plan offers no solution to such fundamental initiators
of inflation as food and energy price jolts, which have recurrently kicked off the
price-wage spiral. Further, the policy is grounded in propositions for which there
is little empirical support: people will work harder in response to lower tax
rates, and because future expectations are a factor in investment decisions,
inflation will decline if investors believe that it will. The failure of the
supply-side option will leave us with nowhere to go but toward wage-price controls.
To work, however, controls must be accompanied by a plan to deal with structural
difficulties in the markets that are generating inflation in the first place.
Economic policy must develop around a new inflation paradigm stressing
stabilization of prices in the "necessity sectors," food, health, energy, and
housing, where inflation is rising faster than the overall consumer price index
(CPI).},
author = {Gar Alperovitz},
journal = {The Annals of the American Academy of Political and Social Science},
pages = {1--12},
publisher = {[Sage Publications, Inc., American Academy of Political and Social
Science]},
title = {The New Inflation},
urldate = {2023-12-05},
volume = {456},
year = {1981}
}

@article{c30ad2ac-dd20-3f04-ab75-b55692fd667c,
ISSN = {00072303, 15334465},
URL = {http://www.jstor.org/stable/2534429},
author = {Wayne Vroman and John M. Abowd and Gary Burtless},
journal = {Brookings Papers on Economic Activity},
number = {1},
pages = {313--346},
publisher = {Brookings Institution Press},
title = {Disaggregated Wage Developments},
urldate = {2023-12-05},
volume = {1988},
 year = {1988}
}

@inbook{70f61abf-f22c-3d17-b523-8552c6e552bd,
ISBN = {9783428097586},
URL = {http://www.jstor.org/stable/j.ctv1q6bh6v.16},
abstract = {Throughout the 1990s Canada pursued a policy of low inflation. In
1993, the federal government and the Bank of Canada jointly announced that
inflation would be kept within a range of one to three per cent per annum between
1995 and 1998.This has been achieved, since inflation (excluding indirect taxes)
has remained stable near two per cent or lower since 1994. The present target range
for inflation has just been extended for a further three years and many wonder
whether such success in fighting inflation has not come at too great a cost in
terms of high unemployment. Indeed,},
author = {Derek Hum and Wayne Simpson and Norman Cameron},
booktitle = {Macroeconomic Causes of Unemployment: Diagnosis and Policy
Recommendations -: Makroökonomische Ursachen der Arbeitslosigkeit: Diagnose und
Therapievorschläge.},
pages = {271--288},
publisher = {Duncker & Humblot GmbH},
title = {Reducing Unemployment in an Era of Low Inflationary Expectations},
urldate = {2023-12-05},
volume = {36},
year = {1999}
}

@article{75c4ee18-59aa-335e-824e-61aa181b5f7d,
ISSN = {0309166X, 14643545},
URL = {http://www.jstor.org/stable/23600418},
abstract = {High post-war inflation precipitated a counter reformation in theory
from Keynesianism and established the conventional wisdom that a level of
unemployment existed at which prices stabilised. The policy application of this
notion failed to improve economic performance and, although inflation fell, mass
unemployment and poverty returned. The explanation for this from within the new
orthodoxy was that demand and supply conditions in the labour market had changed
and unemployability explained joblessness. A study of the trend in import prices
suggests, however, that the fall in inflation can be more readily explained by
falls in import prices and other changes, which redistributed resources from the
periphery to the core. This suggests that monetary control works indirectly on
inflation by lowering economic activity and by reducing the bargaining power of the
relatively weak. The enormous economic and social costs of this suggest that
institutional ways of controlling prices offer major benefits.},
author = {Frank Wilkinson},
journal = {Cambridge Journal of Economics},
number = {6},
pages = {643--670},
publisher = {Oxford University Press},
title = {Inflation and employment: is there a third way?},
urldate = {2023-12-05},
volume = {24},
year = {2000}
}

@article{c1aa481d-b95d-356f-b3c8-3a800527da2b,
ISSN = {03470520, 14679442},
URL = {http://www.jstor.org/stable/3439510},
abstract = {The Barro-Grossman theory of the demand and the supply multiplier is
generalized in the following ways: Household behavior under disequilibrium is
derived from the knowledge of the behavior under equilibrium using the Tobin-
Houthakker theory of rationing. The setting of prices and wages under equilibrium
and disequilibrium conditions is analyzed. It is shown that the value of the demand
multiplier depends on whether employment is instantaneously adjusted during a
depression. The results of the microeconomic analysis are used for constructing a
macroeconomic model where the interactions between inflation and quantitative
adjustments are studied.},
author = {Claes-Henric Siven},
journal = {The Scandinavian Journal of Economics},
number = {2},
pages = {239--259},
publisher = {[Wiley, The Scandinavian Journal of Economics]},
title = {The Interaction between Multiplier and Inflation Processes},
urldate = {2023-12-05},
volume = {79},
year = {1977}
}

@article{7fc361cd-4179-3a5d-bf0a-befa0b466830,
ISSN = {00346535, 15309142},
URL = {http://www.jstor.org/stable/1924730},
abstract = {This paper presents a partial equilibrium model of the labor market
that allows the real wage, the expected real wage, and the level of employment to
be expressed as functions of unexpected inflation, inflation uncertainty, and
supply shocks. Regression equation estimation using U.S. data from 1948 to 1980
suggests that inflationary surprises and uncertainty cause countercyclical movement
in real wages. Various supply shock variables are introduced. The findings suggest
the importance of oil shocks as compared with measures bases on food or imports,
but only after 1973},
author = {Ronald A. Ratti},
journal = {The Review of Economics and Statistics},
number = {2},
pages = {309--314},
publisher = {The MIT Press},
title = {The Effects of Inflation Surprises and Uncertainty on Real Wages},
urldate = {2023-12-05},
volume = {67},
year = {1985}
}
@article{af331a0e-62c2-3f9a-a74b-f455b8e982cf,
ISSN = {00279501, 17413036},
URL = {http://www.jstor.org/stable/23875102},
abstract = {The paper uses MULTIMOD to analyse the macroeconomic effects of oil
price shocks, distinguishing between temporary, more persistent, and permanent
shocks. It provides perspectives on several findings in the literature and the key
role of monetary policy in influencing macroeconomic outcomes. Specific attention
is paid to the channels through which oil price increases can pass through into
core inflation, the implications of delayed policy responses, and the relative
merits of leaning in different directions when the correct policy response is
uncertain.},
author = {Benjamin Hunt and Peter Isard and Douglas Laxton},
journal = {National Institute Economic Review},
number = {179},
pages = {87--103},
publisher = {Sage Publications, Ltd.},
title = {THE MACROECONOMIC EFFECTS OF HIGHER OIL PRICES},
urldate = {2023-12-05},
year = {2002}
}

@article{34d802e9-f53b-3b9f-9d85-b9531209c707,
ISSN = {00028282},
URL = {http://www.jstor.org/stable/1816985},
author = {Edward C. Budd and David F. Seiders},
journal = {The American Economic Review},
number = {2},
pages = {128--138},
publisher = {American Economic Association},
title = {The Impact of Inflation on the Distribution of Income and Wealth},
urldate = {2023-12-05},
volume = {61},
year = {1971}
}