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Medicines and Quacks

Andrew Tylecote

Chapter 4 in The Causes of the Present Inflation, 1981, pp 100-125 from Palgrave Macmillan

Abstract: Abstract The simplest way to reduce wage inflation is for unions to accept lower wage increases. But can the unions be persuaded? That will depend on the structure of wage bargaining, and the objectives of those who take the bargaining decisions on the union side. Let us look at them in turn.

Keywords: Small Firm; Money Supply; Capacity Utilisation; Excess Demand; Phillips Curve (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06416-8_4

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DOI: 10.1007/978-1-349-06416-8_4

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