Inflation, wages and money | Zendy

Vratislav Izák | Zendy

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Inflation, wages and money

Author(s) -

Vratislav Izák

Publication year - 1996

Publication title -

prague economic papers

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.233

H-Index - 17

eISSN - 2336-730X

pISSN - 1210-0455

DOI - 10.18267/j.pep.107

Subject(s) - inflation (cosmology) , economics , money supply , monetary economics , czech , meaning (existential) , demand deposit , keynesian economics , monetary policy , macroeconomics , psychology , linguistics , philosophy , physics , theoretical physics , psychotherapist

The preliminary results seem to confirm a greater relevance of postkeynesian than monetaristic approaches in the inflation field. Whereas prices are co-integrated, according to CRDW in a static regression, with wages, they are not co-integrated with money, therefore the association between money and prices in four-years period is lower than expected at first sight. One must mention that in the Czech Republic the term exogenous supply of money, has a special meaning.

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