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Price-wage Dynamics and the Transmission of Inflation in Socialist Economies
Simon CommanderFabrizio Coricelli
其他書名
Empirical Models for Hungary and Poland
出版Economic Development Institute and Country Economics Department, World Bank, 1991
URLhttp://books.google.com.hk/books?id=vh2yAAAAIAAJ&hl=&source=gbs_api
註釋Nominal anchors - particularly wage restraints - are important in stabilization programs in reforming socialist economies. Without conventional equilibrating mechanisms and effective market restraints on wages, monopolistic pricing can result in powerful inflationary pressures and higher-than-warranted output costs.