Inflation and Labour

J. Wilczynski
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J. Wilczynski: Royal Military College, Duntroon

Chapter 8 in Comparative Industrial Relations, 1983, pp 157-175 from Palgrave Macmillan

Abstract: Abstract Inflation can be defined as a situation in the economy where the volume of money purchasing power persistently exceeds the supply of goods and services, inducing a continuous rise in the price level and a consequent decline in the value of money. In the context of different economic systems, it is useful to make distinctions between different types of inflation.

Keywords: Price Increase; Real Wage; Wage Increase; Inflationary Pressure; German Democratic Republic (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06407-6_8

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