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The Relationship Between Wage Inflation and Excess Demand — New Estimates Using Optimal Extrapolative Wage Expectations

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  • John Mcdonald

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  • John Mcdonald, 1977. "The Relationship Between Wage Inflation and Excess Demand — New Estimates Using Optimal Extrapolative Wage Expectations," The Economic Record, The Economic Society of Australia, vol. 53(4), pages 490-507, December.
    • Handle: RePEc:bla:ecorec:v:53:y:1977:i:4:p:490-507
    DOI: 10.1111/j.1475-4932.1977.tb01620.x
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    References listed on IDEAS

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    1. Cooper, J Phillip & Nelson, Charles R, 1975. "The Ex Ante Prediction Performance of the St. Louis and FRB-MIT-PENN Econometric Models and Some Results on Composite Predictors," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 7(1), pages 1-32, February.
    2. Trivedi, P. K., 1973. "Retail inventory investment behaviour," Journal of Econometrics, Elsevier, vol. 1(1), pages 61-80, March.
    3. Challen, D W & Hagger, A J, 1975. "Another Look at Australia's Inflation-Unemployment Trade-Offs," Australian Economic Papers, Wiley Blackwell, vol. 14(25), pages 137-153, December.
    4. Zellner, Arnold & Palm, Franz, 1974. "Time series analysis and simultaneous equation econometric models," Journal of Econometrics, Elsevier, vol. 2(1), pages 17-54, May.
    5. Jonson, P D & Mahar, K L & Thompson, G J, 1974. "Earnings and Award Wages in Australia," Australian Economic Papers, Wiley Blackwell, vol. 13(22), pages 80-98, June.
    6. Woodfield, Alan, 1975. "Job Search Costs and the Measurement of Structural Unemployment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 22(1), pages 91-98, February.
    7. repec:bla:ecorec:v:49:y:1973:i:125:p:50-61 is not listed on IDEAS
    8. Turnovsky, Stephen J & Wachter, Michael L, 1972. "A Test of the "Expectations Hypothesis" Using Directly Observed Wage and Price Expectations," The Review of Economics and Statistics, MIT Press, vol. 54(1), pages 47-54, February.
    9. McDonald, John, 1976. "Earnings and Award Wages in Australia: Some Econometric Considerations," Australian Economic Papers, Wiley Blackwell, vol. 15(27), pages 230-239, December.
    10. P. D. Jonson & D. M. Mahoney, 1973. "Price Expectations in Australia," The Economic Record, The Economic Society of Australia, vol. 49(1), pages 50-61, March.
    11. Nelson, Charles R, 1975. "Rational Expectations and the Predictive Efficiency of Economic Models," The Journal of Business, University of Chicago Press, vol. 48(3), pages 331-343, July.
    12. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    13. Danes, Michael, 1975. "The Measurement and Explanation of Inflationary Expectations in Australia," Australian Economic Papers, Wiley Blackwell, vol. 14(24), pages 75-87, June.
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    Cited by:

    1. Michael G. Kirby, 1981. "An Investigation of the Specification and Stability of the Australian Aggregate Wage Equation," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 35-46, March.
    2. Calvin D. Siebert & Mahmood A. Zaidi, 1984. "The Relation Between Profits and the Rate of Change of Money Wages in Australia," Australian Journal of Management, Australian School of Business, vol. 9(1), pages 121-129, June.
    3. Allan Fels & Tran Van Hoa, 1981. "Causal Relationships in Australian Wage Inflation and Minimum Award Rates," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 23-34, March.
    4. Peter Saunders, 1981. "The Formation of Producers' Price Expectations in Australia," The Economic Record, The Economic Society of Australia, vol. 57(4), pages 368-378, December.

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