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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2009, Vol. 4 Issue (4) : 572-587    https://doi.org/10.1007/s11459-009-0030-3
Research articles |
Is China’s inflation pushed by wages? An empirical research based on excess wages
FAN Zhiyong,
School of Economics, Renmin University of China, Beijing 100872, China;
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Abstract Whether China’s inflation since 2007 is demand-pull or cost-push has become the study focus. Different opinions about the originations of the inflation indicate different policies against further inflation. VAR research based on the import price, money supply, excess wage and inflation rate finds that money supply instead of excess wage has made the most contribution for current inflation since 2000. Further evidence from sectoral data also confirms the conclusion of the VAR research. So there was no “wage-inflation” vicious circle in China during 2000–2007.
Keywords inflation      demand pull      cost push      excess wage      
Issue Date: 05 December 2009
 Cite this article:   
FAN Zhiyong. Is China’s inflation pushed by wages? An empirical research based on excess wages[J]. Front. Econ. China, 2009, 4(4): 572-587.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-009-0030-3
http://academic.hep.com.cn/fec/EN/Y2009/V4/I4/572
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