Money Wages, Prices, and Causality
Bibliographic Data
| ID | 10177852 |
|---|---|
| Authors | Yash P Mehra (corresponding author) |
| Year | 1977 |
| Volume | 85 |
| Issue | 6 |
| Pages | 1227-1244 |
| Publication date | 1977-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260634 |
| OpenAlex | W2056087052 |
| Language | EN |
| Citations received | 7 |
| References cited | 5 |
Using recently developed statistical techniques for examining the causal patterns between two variables within a bivariate distributed lag system, it is shown that, for the U.S. historical sample period 1954-70, money wages and consumer prices are simultaneously determined. This bidirectional feedback structure between wages and prices appears very strongly at the manufacturing level, though there is some evidence that such a structure does hold at the industry level, too. The structure of the casual patterns observed between industry money wages and prices for this sample period is not related to the industry market structure
Bivariate analysis · Casual · Causality (physics · Econometrics · Economics · Labour economics · Monetary economics · Sample (material · Statistics · Economic theories and models · Firm Innovation and Growth · Mathematics · Monetary Policy and Economic Impact
Testing for causality
The Effects of Detrending in Granger Causality Tests
Expenditures and receipts in state and local government finances
Tariffs and Trade Fluctuations
International Trade, Political Conflict/Cooperation, and Granger Causality
An Analysis of Causal Flow Between Social Development and Economic Growth
Causal Flow between Human Well-being and per Capita Real Gross Domestic Product
A Test of the "Expectations Hypothesis" Using Directly Observed Wage and Price Expectations
An Econometric Analysis of the Determination of Prices in Manufacturing Industries
Economically Rational Expectations
A Classical Macroeconometric Model for the United States
Is Money Exogenous in Money-Demand Equations
| Citations per year | 0.15 |
|---|---|
| Citation span | 1980 - 2000 (21) |
| Highly cited | No |