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Inflation, wages and money

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  • Vratislav Izák

Abstract

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.

Suggested Citation

  • Vratislav Izák, 1996. "Inflation, wages and money," Prague Economic Papers, Prague University of Economics and Business, vol. 1996(3).
    • Handle: RePEc:prg:jnlpep:v:1996:y:1996:i:3:id:107
    DOI: 10.18267/j.pep.107
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