Prague Economic Papers 1996, 5(3) | DOI: 10.18267/j.pep.107

Inflation, wages and money

Vratislav Izák

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.

Published: January 1, 1996  Show citation

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Izák, V. (1996). Inflation, wages and money. Prague Economic Papers, 5(3), . doi: 10.18267/j.pep.107
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