Keywords: Wage-price spiral
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Journal Articles
Journal of Economic Studies (2015) 42 (2): 186–206.
Published: 11 May 2015
... approaches the NAIRU from any given initial value, inflation will be increasing or decreasing over time. The paper aims to discuss these issues. Design/methodology/approach – The authors formalize this influential heuristic argument with the aid of a dynamic model of the wage-price spiral where...

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