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The Data Variable Transformations
Results for Total Manufacturing
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A.W. Phillips accelerationist aggregate demand remedies Alternative Specifications analysis associated with F3 changes in demand compensatory pricing consumer price index cost factor Data Transformations F-ratio demand factors dependent variable economic activity effect explained explained variance F-ratio in parentheses)1 Factor 3 Factor Factor 4 R2 factor costs Factor Loadings fiscal policy full sample impact inflation inflationary process Keynesian remedies labor force labor market conditions Loadings for WPI manufacturing and durables manufacturing sector market structure money illusion money wages Otto Eckstein Phillips Curve policy variables price behavior price changes price equations prices and wages principal components relationship represents the 95 short-run Specifications and Data T-Bo tax rate total manufacturing unemployment rate unit labor cost unlagged variance wage changes wholesale price index WPI for Alternative WPI+1 with WPI