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Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …
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of stagflation. During these ‘bad times’ factor premiums are positive, which helps to offset part of the real capital …
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Chapter 1. introduction -- Chapter 2. The German Hyperinflation of 1923 -- Chapter 3. Macroeconomic Developments from the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5. Comparison of developments in the various countries --...
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