Truger, Achim; Schulten, Thorsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...
