A Theory of How Workers Keep Up With Inflation | Hoover Institution

Explores why real wages can hold up during inflation, linking wage-setting to macro outcomes.

InflationLabor marketsPanelexpertindexationinflation expectationsinflation persistencelabor market adjustmentprice pass throughreal wagesErik HurstJohn TaylorJohn CochraneHoyt Bleakley

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• Hoover Institution · 2025-02-25

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