- Title
- The changing nature of inflation control in Australia
- Creator
- Mitchell, William; Muysken, Joan; Welters, Riccardo
- Relation
- 14th Path to Full Employment / 19th National Unemployment Conference. Reconstructing the Full Employment Narrative: 14th Path to Full Employment Conference and the 19th National Conference on Unemployment: Proceedings (Newcastle 04-05 December, 2013) p. 203-214
- Relation
- http://e1.newcastle.edu.au/coffee/conferences/2013/index.cfm
- Publisher
- Centre of Full Employment and Equity, The University of Newcastle
- Resource Type
- conference paper
- Date
- 2013
- Description
- The paper conjectures that there has been a fundamental shift in the way the labour market interacts with the inflation generating process in Australia around the time of the 1991 recession. The results suggest that the short-term unemployment rate (STUR) constrains the annual inflation rate more than the overall unemployment rate (UR) and that the level of underemployment (UE) exerts a separate negative impact on the inflation process. It is clear that within-firm excess supply of labour is now an important disciplining factor on price inflation.
- Subject
- employment; inflation; labour market; economic theory
- Identifier
- http://hdl.handle.net/1959.13/1049728
- Identifier
- uon:15071
- Identifier
- ISBN:9780987327642
- Language
- eng
- Full Text
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|---|---|---|---|---|---|---|---|
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