TY  - BOOK
AU  - Chan-Lau,Jorge A.
AU  - Tokarick,Stephen
TI  - Why Has Inflation in the United States Remained So Low? Reassessing the Importance of Labor Costs and the Price of Imports
T2  - IMF Working Papers; Working Paper
SN  - 1451856873 :
SN  - 1018-5941
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Labor Costs
KW  - imf
KW  - Labor Share
KW  - Labor Statistics
KW  - Phillips Curve
KW  - Price Inflation
KW  - United States
N2  - This paper examines some of the factors that have been influential in keeping inflation low in the United States during 1995-98, despite strong growth and high levels of employment. Our results identify three important variables: declines in import prices, a slowdown in the growth of nonwage labor compensation, and a decline in labor costs. We also reassess the role of labor costs and import prices in determining price inflation
UR  - http://elibrary.imf.org/view/IMF001/07940-9781451856873/07940-9781451856873/07940-9781451856873.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451856873
ER  -