Introduction

Richard Burdekin and Paul Burkett
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Paul Burkett: Indiana State University

A chapter in Distributional Conflict and Inflation, 1996, pp 1-9 from Palgrave Macmillan

Abstract: Abstract Does inflation simply result from misguided government policies, or is it a symptom of unresolved socio-economic conflict? If inflations do reflect deeply rooted distributional conflicts, exactly how do such conflicts generate inflationary pressures, and what are the monetary transmission mechanisms by which these pressures are translated into rising prices? Are government deficits and their monetization the sole or dominant conduit between distributional conflict and inflation, or can other, private-sector pressures and propagation mechanisms autonomously initiate and/or sustain inflation? Finally, if structurally determined conflicts lie at the bottom of inflations, and if these conflicts are conditioned by the particular historical-institutional context, what kind of general lessons can such a conflict perspective yield concerning the ‘origins, development and termination’ of inflationary processes (Siklos, 1990)?

Keywords: Monetary Policy; Real Wage; Money Supply; Inflationary Pressure; Phillips Curve (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37173-6_1

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DOI: 10.1057/9780230371736_1

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