Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …

theories relate primarily to stagflation. While most macroeconomists share a common belief in the ideal type of ‘profit …

; increasing wages above those guaranteed by productivity increases; an increasing budget deficit which was used primarily for …

; increasing wages above those guaranteed by productivity increases; an increasing budget deficit which was used primarily for …

; increasing wages above those guaranteed by productivity increases; an increasing budget deficit which was used primarily for …

basic thesis of this proposal is that stagflation has caused and will continue to cause considerable hardship for many …