JSTOR Citation List

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

@article{88843eb4-25e7-3b2a-9f61-5f7283a1e05c,
ISSN = {00223808, 1537534X},
URL = {http://www.jstor.org/stable/1829964},
author = {Robert E. Lucas and Leonard A. Rapping},
journal = {Journal of Political Economy},
number = {5},
pages = {721--754},
publisher = {University of Chicago Press},
title = {Real Wages, Employment, and Inflation},
urldate = {2023-12-04},
volume = {77},
year = {1969}
}

@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 = {2023-12-04},
volume = {67},
year = {1985}
}

@article{8aee8edf-69ab-3921-b633-23d1fb6e25eb,
ISSN = {00130427, 14680335},
URL = {http://www.jstor.org/stable/2554341},
abstract = {This paper considers the effects of inflation on employment. The
absence of index-linked loans, and the possibility that errors are committed in
times of inflation, lead to a higher probability of bankruptcy during inflation. If
firms care about bankruptcy, this implies a lower level of employment. Empirical
results confirming this are presented, suggesting that higher inflation may be
substantially decrease employment. The analysis is then extended to an imperfectly
competitive firm, and to investigating empirically the effects of aggregate demand
and multi-period uncertainty. All these influences are shown to be important, but
we also demonstrate that a negative real wage elasticity is not robust.},
author = {Sushil B. Wadhwani},
journal = {Economica},
number = {213},
pages = {21--40},
publisher = {[London School of Economics, Wiley, London School of Economics and
Political Science, Suntory and Toyota International Centres for Economics and
Related Disciplines]},
title = {The Effects of Inflation and Real Wages on Employment},
urldate = {2023-12-04},
volume = {54},
year = {1987}
}

@article{20f7a344-cef9-3169-8cf9-efd029d4ec92,
ISSN = {10207635, 15645150},
URL = {http://www.jstor.org/stable/30035866},
abstract = {Empirical data show that real wages fall sharply during periods of
high inflation. This paper suggests a simple general equilibrium explanation,
without relying on nominal rigidities. It presents an intertemporal two-sector
model with a credit channel of monetary transmission. In this setting, inflation
reduces real wages through (1) a decline of the capital stock, and (2) a shift in
relative prices. The two effects are additive and make the decline in real wages
exceed the decline in per capita GDP. This mechanism may contribute to rising
poverty during periods of high inflation.},
author = {Benedikt Braumann},
journal = {IMF Staff Papers},
number = {1},
pages = {123--147},
publisher = {Palgrave Macmillan Journals},
title = {High Inflation and Real Wages},
urldate = {2023-12-04},
volume = {51},
year = {2004}
}

@article{47b972f8-0daf-38f7-9097-45a2a6c40fa3,
ISSN = {00222879, 15384616},
URL = {http://www.jstor.org/stable/2673879},
abstract = {Using polling data for 31,869 households in thirty-eight countries and
allowing for country effects, we show that the poor are more likely than the rich
to mention inflation as a top national concern. This result survives several
robustness checks. We also find direct measures of improvements in well-being of
the poor-the change in their share in national income, the percent decline in
poverty, and the percent change in the real minimum wage-to be negatively
correlated with inflation in pooled cross-country samples.},
author = {William Easterly and Stanley Fischer},
journal = {Journal of Money, Credit and Banking},
number = {2},
pages = {160--178},
publisher = {[Wiley, Ohio State University Press]},
 title = {Inflation and the Poor},
urldate = {2023-12-04},
volume = {33},
year = {2001}
}

@article{63cb9dab-89e4-3642-b37b-40f38853983f,
ISSN = {00206598, 14682354},
URL = {http://www.jstor.org/stable/20486802},
abstract = {The article studies the effects of inflation on real wage dispersion
in a search-monetary framework. The economy is characterized by frictions in both
the goods and the labor markets. In the goods market, buyers and sellers bargain
over prices, whereas in the labor market firms post wage offers. In equilibrium, a
lower inflation rate increases the dispersion of real wages. This result is
consistent with both the observed trends in wage dispersion and the inflation rate
witnessed in the 1980s and the 1990s in the United States and the empirical
literature linking reduced inflation to greater wage dispersion.},
author = {Alok Kumar},
journal = {International Economic Review},
number = {2},
pages = {377--399},
publisher = {[Economics Department of the University of Pennsylvania, Wiley,
Institute of Social and Economic Research, Osaka University]},
title = {Inflation and the Dispersion of Real Wages},
urldate = {2023-12-04},
volume = {49},
year = {2008}
}

@article{875a7f2e-e5b2-39df-91fb-5df47d772da3,
ISSN = {00335533, 15314650},
URL = {http://www.jstor.org/stable/1885319},
abstract = {I. Introduction, 523.--II. Model of price and wage determination with
taxes, 525.--III. The inflationary effects of different taxes, 533.--IV. Summary
and conclusions, 535.--Appendix, 537.},
author = {John Pitchford and Stephen J. Turnovsky},
journal = {The Quarterly Journal of Economics},
number = {4},
pages = {523--539},
publisher = {Oxford University Press},
title = {Some Effects of Taxes on Inflation},
urldate = {2023-12-04},
volume = {90},
year = {1976}
}

@article{bb624f3a-92ce-3e5e-bbf2-a52f9cbf1e98,
 ISSN = {00130427, 14680335},
URL = {http://www.jstor.org/stable/2554938},
abstract = {Recent structuralist ideas about real and money wage changes are
reviewed, addressing six questions: (1) In an economy closed to trade, do real wage
increases cause output to rise or fall? (2) If output is at an upper bound, what
are the roles of real wage and wealth movements in macro adjustment? (3) Taking
effective demand into account, do money wage cuts stimulate employment? (4) In an
open economy, does money wage reduction or devaluation make output rise? (5) At an
output bound, what are the respective roles of wage reduction and monetary
restraint in slowing inflation? (6) If inflation is driven by cost with output
below capacity, how do wage dynamics affect stabilization programmes based on de-
indexation and price freezes? Institutional factors suggest that wage-cutting may
be a counterproductive answer to all these policy questions in semi-industrialized
economies.},
author = {Lance Taylor},
journal = {Economica},
number = {227},
pages = {329--353},
publisher = {[London School of Economics, Wiley, London School of Economics and
Political Science, Suntory and Toyota International Centres for Economics and
Related Disciplines]},
title = {Real and Money Wages, Output and Inflation in the Semi-Industrialized
World},
urldate = {2023-12-04},
volume = {57},
year = {1990}
}

@article{4918650f-3d70-3c28-a3ee-0eca586818ea,
ISSN = {0022166X},
URL = {http://www.jstor.org/stable/145467},
abstract = {This paper reports an analysis of the effect of changes in legislated
minimum wages on negotiated wage increases, using micro data on Canadian labor
contracts between 1966 and 1975. The analysis departs from previous studies in that
it divides the sample data base into high- and low-wage sectors. The results
indicate that union negotiated wage settlements reflect at least partially
legislated minimum wage changes over the past contract period. However, this
minimum wage effect is restricted to the low-wage sector. In addition, the sectoral
results suggest that the relative wage structure should tend to narrow in the long
run.},
author = {Robert Swidinsky and David A. Wilton},
journal = {The Journal of Human Resources},
number = {2},
pages = {163--177},
publisher = {[University of Wisconsin Press, Board of Regents of the University of
Wisconsin System]},
title = {Minimum Wages, Wage Inflation, and the Relative Wage Structure},
urldate = {2023-12-04},
volume = {17},
year = {1982}
}
@article{27e84232-90d9-31a2-a618-60e9e4a9e057,
ISSN = {00335533, 15314650},
URL = {http://www.jstor.org/stable/2118513},
abstract = {This paper demonstrates that the behavior of the conventional Phelps-
Taylor model of overlapping wage contracts stands in stark contrast with important
features of U.S. macro data for inflation and output. In particular, the Phelps-
Taylor specification implies far too little inflation persistence. We present a new
contracting model, in which agents are concerned with relative real wages, that is
data-consistent. In a specification that nests both models, we resoundingly reject
the conventional contracting model, but cannot reject the new contracting model.},
author = {Jeff Fuhrer and George Moore},
journal = {The Quarterly Journal of Economics},
number = {1},
pages = {127--159},
publisher = {Oxford University Press},
title = {Inflation Persistence},
urldate = {2023-12-04},
volume = {110},
year = {1995}
}

@article{7cef5ec6-2660-3da8-b073-91bb0568f7e4,
ISSN = {00219398, 15375374},
URL = {http://www.jstor.org/stable/2352792},
abstract = {This article examines the combined effects of inflation uncertainty
and indexation on the growth rate of real GNP. The evidence suggests that greater
indexation partially reduces the adverse effect of inflation uncertainty on real
GNP growth over time. It also indicates that, in contrast to earlier findings
regarding the effect of inflation uncertainty on employment, the overall effect of
inflation uncertainty on real GNP growth may be permanent. A preliminary assessment
of whether the discrepancy is the result of inflation uncertainty permanently
affecting the growth rate of the capital stock is inconclusive.},
author = {A Steven Holland},
journal = {The Journal of Business},
number = {4},
pages = {473--484},
publisher = {University of Chicago Press},
title = {Indexation and the Effect of Inflation Uncertainty on Real GNP},
urldate = {2023-12-04},
volume = {61},
year = {1988}
}

@article{3146acbe-024c-3278-a0bc-a04f67124afe,
ISSN = {00223808, 1537534X},
URL = {http://www.jstor.org/stable/1828985},
author = {Robert Mundell},
journal = {Journal of Political Economy},
number = {3},
pages = {280--283},
 publisher = {University of Chicago Press},
title = {Inflation and Real Interest},
urldate = {2023-12-04},
volume = {71},
year = {1963}
}

@article{064779b4-3c83-3a46-971e-51e5b39cacc2,
ISSN = {00945056, 19394632},
URL = {http://www.jstor.org/stable/40324816},
author = {Brigitte Sellekaerts},
journal = {Eastern Economic Journal},
number = {3},
pages = {177--190},
publisher = {Palgrave Macmillan Journals},
title = {Effect of the Minimum Wage on Inflation and Other Key Macroeconomic
Variables},
urldate = {2023-12-04},
volume = {8},
year = {1982}
}

@article{52d39456-e238-33fe-aa20-c61cee1585f7,
ISSN = {02174472},
URL = {http://www.jstor.org/stable/41445397},
abstract = {It is often argued that minimum wage increases can lead to increased
inflation. This paper examines the impact of minimum wage increases on inflation in
Vietnam during the 1994-2008 period. Inflation is measured by a monthly overall
Consumer Price Index (CPI) and a monthly food CPI. It is found that the minimum
wage increases did not increase inflation. Since the minimum wage increases often
took place one or two months before the Vietnamese New Year festivals y observed
increases in monthly inflation after the minimum wage increases were caused by
increased consumption demand during the New Year festivals, not by the minimum wage
increases.},
author = {Nguyen Viet Cuong},
journal = {ASEAN Economic Bulletin},
number = {3},
pages = {337--359},
publisher = {ISEAS - Yusof Ishak Institute},
title = {Do Minimum Wage Increases Cause Inflation? Evidence from Vietnam},
urldate = {2023-12-04},
volume = {28},
year = {2011}
}

@article{04c20c2a-ec9a-39a4-93d0-b24a3a4b4ae6,
ISSN = {0309166X, 14643545},
 URL = {http://www.jstor.org/stable/23596462},
author = {Francis Cripps},
journal = {Cambridge Journal of Economics},
number = {1},
pages = {101--112},
publisher = {Oxford University Press},
title = {The money supply, wages and inflation},
urldate = {2023-12-04},
volume = {1},
year = {1977}
}

@article{eeb92ec8-8680-300a-860c-b4759084edfe,
ISSN = {19457707, 19457715},
URL = {http://www.jstor.org/stable/26156443},
abstract = {What are the effects of a higher central bank inflation target on the
burden of real public debt? Several recent proposals have suggested that even a
moderate increase in the inflation target can have a pronounced effect on real
public debt. We consider this question in a New Keynesian model with a maturity
structure of public debt and an imperfectly observed inflation target. We find that
moderate changes in the inflation target only have significant effects on real
public debt if they are essentially permanent. Moreover, the additional benefits of
not communicating a change in the inflation target are minor.},
author = {Michael U. Krause and Stéphane Moyen},
journal = {American Economic Journal: Macroeconomics},
number = {4},
pages = {142--176},
publisher = {American Economic Association},
title = {Public Debt and Changing Inflation Targets},
urldate = {2023-12-04},
volume = {8},
year = {2016}
}

@article{105481fe-ded0-38c4-bc30-90436c6f92c3,
ISSN = {00222879, 15384616},
URL = {http://www.jstor.org/stable/41336779},
abstract = {We discuss the likely evolution of U.S. inflation in the near and
medium terms on the basis of (i) past U.S. experience with very low levels of
inflation, (ii) the most recent Japanese experience with negative inflation, and
(iii) some preliminary U.S. micro evidence on downward nominal wage rigidity. Our
findings question the view that stable long-run inflation expectations and downward
nominal wage rigidity will necessarily provide sufficient support to prices to
avoid further declines in inflation. We show that an inflation model fitted on
Japanese data over the past 20 years, which accounts for both short-and long-run
inflation expectations, matches the recent U.S. inflation experience quite well.
While the model indicates that U.S. inflation might be subject to a lower bound, it
does not rule out a prolonged period of low inflation or even mild deflation going
forward. In addition, micro-level data on wages suggest no obvious downward
rigidity in the firm's wage bill, downward rigidity in individual wages
notwithstanding. As a consequence, downward nominal wage rigidity may not be enough
to offset deflationary pressures in the current situation.},
author = {JEFFREY C. FUHRER and GIOVANNI P. OLIVEI and GEOFFREY M. B. TOOTELL},
journal = {Journal of Money, Credit and Banking},
pages = {83--122},
publisher = {Wiley},
title = {Inflation Dynamics When Inflation Is Near Zero},
urldate = {2023-12-04},
volume = {44},
year = {2012}
}

@article{d8d2197e-dc53-3a54-b62f-a42506ef20b6,
ISSN = {00650684},
URL = {http://www.jstor.org/stable/1172851},
author = {Sumner H. Slichter},
journal = {Proceedings of the Academy of Political Science},
number = {4},
pages = {28--51},
publisher = {The Academy of Political Science},
title = {Inflation and Wages},
urldate = {2023-12-04},
volume = {20},
year = {1944}
}

@article{70a9bfd7-b893-31c4-a7d4-4058752d86a5,
ISSN = {00044687, 1533838X},
URL = {http://www.jstor.org/stable/2644672},
author = {Li Yunqi},
journal = {Asian Survey},
number = {7},
pages = {655--668},
publisher = {University of California Press},
title = {China's Inflation: Causes, Effects, and Solutions},
urldate = {2023-12-04},
volume = {29},
year = {1989}
}

@article{6a4201b6-b3a8-3db5-aa92-01ad5af7db2c,
ISSN = {00197939, 2162271X},
URL = {http://www.jstor.org/stable/2520305},
author = {Jules Backman},
journal = {Industrial and Labor Relations Review},
number = {3},
pages = {398--410},
publisher = {Sage Publications, Inc.},
 title = {Wage Escalation and Inflation},
urldate = {2023-12-04},
volume = {13},
year = {1960}
}

@article{f1b4783b-ef1b-307e-a600-81104c8013b3,
ISSN = {00650684},
URL = {http://www.jstor.org/stable/1173632},
author = {G. L. Bach},
journal = {Proceedings of the Academy of Political Science},
number = {4},
pages = {20--33},
publisher = {The Academy of Political Science},
title = {The Economic Effects of Inflation},
urldate = {2023-12-04},
volume = {31},
year = {1975}
}

@article{7179f8fc-67c7-31d6-bec7-91b36eafb051,
ISSN = {00335533, 15314650},
URL = {http://www.jstor.org/stable/1884233},
abstract = {Introduction, 441.--I. Profit inflation during the price revolution,
443; variations in wage lags among European countries, 444; the deflation of
industrial profit inflation, 445; agricultural windfalls, 449; other effects of the
inflow of specie, 450.--II. Profit inflation in the era of the Industrial
Revolution, 1750-1800, 451; profit inflation in France, 451; profit inflation in
Spain, 453; profit inflation in England, 454.--III. Hamilton's tour d'horizon,
457.--IV. Profit inflation in underdeveloped countries, 459; inflationary pressures
from agriculture, 459; foreign exchange earnings and inflation, 460.--V.
Conclusion, 462.},
author = {David Felix},
journal = {The Quarterly Journal of Economics},
number = {3},
pages = {441--463},
publisher = {Oxford University Press},
title = {Profit Inflation and Industrial Growth: The Historic Record and
Contemporary Analogies},
urldate = {2023-12-04},
volume = {70},
year = {1956}
}

@article{2a529d37-2d9e-3c0b-af56-1c4ca03208d3,
ISSN = {00223808, 1537534X},
URL = {http://www.jstor.org/stable/1828777},
 author = {Reuben A. Kessel and Armen A. Alchian},
journal = {Journal of Political Economy},
number = {6},
pages = {521--537},
publisher = {University of Chicago Press},
title = {Effects of Inflation},
urldate = {2023-12-04},
volume = {70},
year = {1962}
}

@article{26744df1-6eba-3504-9900-fa2160a2891a,
ISSN = {00346535, 15309142},
URL = {http://www.jstor.org/stable/1926215},
author = {G. L. Bach and Albert Ando},
journal = {The Review of Economics and Statistics},
number = {1},
pages = {1--13},
publisher = {The MIT Press},
title = {The Redistributional Effects of Inflation},
urldate = {2023-12-04},
volume = {39},
year = {1957}
}