Record Details

The control of wages and the value of money: the Dutch experience

PSL Quarterly Review

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Field Value
 
Title The control of wages and the value of money: the Dutch experience
 
Creator PEDERSEN, J.
 
Subject
Monetary policy, control, wage-level, purchasing power of money, Central Bank, inflation, Dutch scheme, Dutch experience
E24, E31, E52, E58, E65
 
Description During the era of the gold standard, control of the wage-level and thereby of the purchasing power of money, was affected by the discipline imposed by the Central Bank on the labour market organisations. Once the gold standard was abolished and since governments accepted the obligation to establish and obtain full employment, this mechanism of control could function no longer. Yet inflation can arise even when there is considerable unemployment, if for example excess demand exists in some markets. The article discusses in particular the Dutch scheme of wage-control by the government as a means to control such inflation. The author considers the effectiveness and sustainability of the system, as well as its impact on trade unions.JEL: E24, E31, E52, E58, E65
 
Publisher Economia civile
 
Contributor
 
Date 2014-03-27
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11941
 
Source PSL Quarterly Review; Vol 10, No 40 (1957)
PSL Quarterly Review; Vol 10, No 40 (1957)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11941/11753
 
Rights Copyright (c) 2016 J. PEDERSEN
http://creativecommons.org/licenses/by-nc-nd/4.0