Inflation, changement structurel et conflit de répartition: enseignements pour la politique économique

Jean-Luc Gaffard, Mauro Napoletano and Francesco Saraceno

Revue d'économie financière, 2024, vol. N° 153, issue 1, 213-230

Abstract: The standard theory of inflation is that it is a global phenomenon that can only last and intensify because of a wage price spiral that expresses a fundamental conflict between capital and labor. Without seeking to deny this aspect of the problem, we aim to show that inflation also has a structural aspect, making the distributional conflict more complex to analyse and requiring an anti-inflation policy that is not limited to monetary policy. The challenge is to prevent the economy from shifting from a low-inflation to a high-inflation regime, from structural to global, out-of-control inflation. JEL classification: E25, E31, E52, E64.

JEL-codes: E25 E31 E52 E64 (search for similar items in EconPapers)
Date: 2024
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Related works:
Working Paper: Inflation, changement structurel et conflit de répartition. Enseignements pour la politique économique (2024)
Working Paper: Inflation, changement structurel et conflit de répartition. Enseignements pour la politique économique (2024)
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