Location of Repository


By A. Steven Holland


inflation rates have risen around the woiid over the last 20 years the impact of inflation has become a topic of widespread interest, Evidence suggests that higher inflation imposes real costs on society by leading to increased uncertainty about futur-e inflation and, as a result, a misallocation of resources, ’ This article examines the impact of inflation uncertainty on the allocation of labor resources and shows that the economy produces less output with a given quanti ~ of productive resources when inflation uncertainty is higher.

Topics: Nominal Wage Rigidity
Year: 2011
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://research.stlouisfed.org... (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.