Commodity Prices, Wages and US Inflation in the Twentieth Century

Commodity Prices, Wages and US Inflation in the Twentieth Century

We consider the impact of primary commodity prices and wages on U.S. inflation in the context of markup pricing. We estimate separate equations for world commodity prices, wage rates, and domestic finished goods prices using annual data for 1900 to 2001. We find complete pass-through of commodity...

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Bibliographic Details
Main Authors: Bloch, Harry, Dockery, Alfred Michael, Sapsford, D.
Format: Journal Article
Published: ME Sharpe 2004
Subjects:
primary commodity prices
inflation
wages
markup pricing
Online Access:http://hdl.handle.net/20.500.11937/11640

Internet

http://hdl.handle.net/20.500.11937/11640

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