Employment Policy

Gordon A. Fletcher
Additional contact information
Gordon A. Fletcher: The University of Liverpool

Chapter 22 in The Keynesian Revolution and its Critics, 1987, pp 270-281 from Palgrave Macmillan

Abstract: Abstract Frankel’s charge against Keynes, that he sought to use public deceit in monetary policy, by the deliberate use of money illusion in the labour market, carries with it very serious implications. Not only, it is claimed, will the discovery of the bluff lead to inflationary expectations being ‘built in’ to wage claims and other contracts expressed in money terms, but it will also progressively undermine the moral authority of the monetary order itself.1

Keywords: Monetary Policy; Price Level; Real Wage; Marginal Product; Relative Wage (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08736-5_22

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349087365

DOI: 10.1007/978-1-349-08736-5_22

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().