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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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
1999.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1999/149 |
| Accesso online: | Full text available on IMF |