Research Discussion Paper – RDP 2003-10 Productivity and Inflation

Contents

• Introduction
• Theoretical Preamble
• Previous Research
• Methodology and Data
• Results
• Robustness
• Discussion
• Conclusion
• Appendix A: Industry Productivity and Price Series
• Appendix B: Output Gap Series
• Appendix C: Sample Estimation Results
• Appendix D: Residuals of Inflation to Productivity Growth Model
• Appendix E: Reverse Causal Flow
• References

We would like to thank Badi Baltagi, Anthony Richards, Malcom Edey, Alex Heath and the RBA's Prices, Wages and Labour section, and participants at an RBA seminar for helpful comments and suggestions; the errors remaining are our own. The views expressed in this paper are those of the authors and should not be attributed to the Reserve Bank of Australia.