The Inflation-Unemployment Trade-off

Wilfred Beckerman

Chapter 3 in Incomes Policies, 1989, pp 39-64 from Palgrave Macmillan

Abstract: Abstract The case for incomes policies has invariably been based on the proposition that, given the normal wage bargaining process, there is a conflict between the objectives of price stability and full employment. Incomes policies are seen as providing the modification to the wage bargaining process that is needed to minimise this conflict.

Keywords: Real Wage; Full Employment; Price Stability; Import Price; Wage Equation (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-20381-9_3

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DOI: 10.1007/978-1-349-20381-9_3

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