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...
| Main Authors: | Bloch, Harry, Dockery, Alfred Michael, Sapsford, D. |
|---|---|
| Format: | Journal Article |
| Published: |
ME Sharpe
2004
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/11640 |
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