Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    Commodity Prices, Wages and US Inflation in the Twentieth Century

    Access Status
    Fulltext not available
    Authors
    Bloch, Harry
    Dockery, Alfred Michael
    Sapsford, D.
    Date
    2004
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Bloch, Harry and Dockery, Alfred Michael and Sapsford, David. 2004. Commodity Prices, Wages and US Inflation in the Twentieth Century. Journal of Post Keynesian Economics 26(3): pp. 523-545.
    Source Title
    Journal of Post Keynesian Economics
    ISSN
    01603477
    Faculty
    Curtin Business School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/11640
    Collection
    • Curtin Research Publications
    Abstract

    We consider the impact of primary commodity prices and wages on U.S. inflation in the context of markup pricing. We estimate separate equations for world commodity prices, wage rates, and domestic finished goods prices using annual data for 1900 to 2001. We find complete pass-through of commodity prices and wages into inflation of finished goods prices, with both input prices having a positive and statistically significant impact. Demand has a direct negative impact on finished goods prices, a delayed and temporary positive impact on wages (through the unemployment rate), and a strong positive impact on primary commodity prices.

    Related items

    Showing items related by title, author, creator and subject.

    • Commodity Prices and the Dynamics of Inflation in Commodity-exporting Nations: Evidence from Australia and Canada*
      Bloch, Harry; Dockery, Alfred Michael; Sapsford, D. (2005)
      A commodity price boom is under way. What does this boom mean for countries with substantial net commodity exports? In particular, can a commodity price boom be expected to increase inflationary pressure on the domestic ...
    • Commodity Prices and the Dynamics of Inflation in Commodity-exporting Nations: Evidence from Australia and Canada
      Bloch, Harry; Dockery, Alfred Michael; Sapsford, D. (2005)
      A commodity price boom is under way. What does this boom mean for countries with substantial net commodity exports? In particular, can a commodity price boom be expected to increase inflationary pressure on the domestic ...
    • Growth, Commodity Prices, Inflation and the Distribution of Income
      Bloch, Harry; Dockery, Alfred Michael; Morgan, C.; Sapsford, D. (2007)
      A primary commodity price boom is underway. Given the role of internationally traded primary commodities as inputs into the productive process in the industrialized world, an important question arises; namely what effects ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.