Distributional conflict and inflation : theoretical and historical perspectives

Bibliographic Information

Distributional conflict and inflation : theoretical and historical perspectives

Richard C.K. Burdekin and Paul Burkett

Macmillan , St. Martin's Press, 1996

  • : UK
  • : US

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Includes bibliographical references and index

Description and Table of Contents

Volume

: US ISBN 9780312159948

Description

There has been relatively little work applying the conflict inflation approach in different theoretical and historical settings. This book remedies this gap by treating private-sector distributional conflicts as well as government budgetary pressures on the money supply and the price level. Attention is drawn to the costs of non-accommodativepolicies in a conflict setting - and to the additional difficulties of non-accommodation likely associated with the use of exchange rate pegging as a disinflation device. <br>
Volume

: UK ISBN 9780333629147

Description

There has been relatively little work applying the conflict inflation approach in different theoretical and historical settings. This book remedies this gap by treating private-sector distributional conflicts as well as government budgetary pressures on the money supply and the price level. Attention is drawn to the costs of non-accommodativepolicies in a conflict setting - and to the additional difficulties of non-accommodation likely associated with the use of exchange rate pegging as a disinflation device.

Table of Contents

Acknowledgements - Introduction - PART 1: METHODOLOGICAL AND THEORETICAL PERSPECTIVES - Conflict Inflation as an Analytical Approach - Non-Activist Monetary Policy from a Conflict Perspective - Conflicting Claims and Monetary Policy Rules: A Theoretical View - PART 2: CASE-STUDIES OF CONFLICT INFLATION - Money, Credit and the Wage-Price Spiral in Post-World War I Germany - Real Wages and the Role of Distributional Conflict in the German Hyperinflation and Stabilization - Government Budgetary and Private Sector Pressures on US Monetary Policy: Some Preliminary Evidence - Conflicting Claims and Inflation in the Post-World War II US Economy - PART 3: CONFLICT INFLATION IN THE OPEN ECONOMY - Open Economy Aspects of the Currency Depreciation in Germany After World War I: Conflicting Claims and Vicious Circles - Conflict Inflation and Currency Depreciation in Latin America - Monetary Accommodation, Conflicting Claims, and the European Monetary System - Some Concluding Policy Perspectives - References - Index

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