Why Has Inflation in the United States Remained So Low? : Reassessing the Importance of Labor Costs and the Price of Imports /

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 c...

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Detalles Bibliográficos
Autor principal: Chan-Lau, Jorge
Otros Autores: Tokarick, Stephen
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1999.
Colección:IMF Working Papers; Working Paper ; No. 1999/149
Acceso en línea:Full text available on IMF