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 compensation, and a decline in labor costs. We also reassess the role of labor costs and import prices in determining price inflation.

Monograph comprising economic research papers on the relationships between wages inflation and unemployment in the UK, with particular reference to disaggregating down from the national level labour market and to the role of trade unions - covers trade union militancy, wage determination, wage rate determination by collective bargaining, the Phillips curve, unemployment and vacancies, geographic distribution of unemployment, etc. References and statistical tables.

Labor market performance, competition, and inflation; Unemployment, unsatisfied demand for labor, and compensation growth, 1956-80; Inflation, flexible exchange rates and the natural - of unemployment; Feedback between monetary policy, labor market activity, and wage inflation, 1955-78.