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wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices …. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the … passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations …
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The paper offers a new theoretical framework for linking inflation and accumulation, with the Israeli experience as a … employment) or ‘depth’ (relative profit per employee). In the Israeli case, inflation accelerated since the 1970s when the large … reached those limits during the early 1980s, and how this brought the inflation spiral to an end. …
Persistent link: https://www.econbiz.de/10011644557
crises, ruling class formation and dominant ideology, militarism and dependency, inflation and recession, the politics of …
Persistent link: https://www.econbiz.de/10011646687
We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic …'s hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been …
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