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| Author: | Tomann, H. |
| Title: | Die Rolle der Lohnpolitik bei Disinflation (The role of wage policy in disinflation) |
| Journal: | Vierteljahrhefte zur Wirtschaftsforschung
1987 : NR. 3, p. 186-187 |
| Index terms: | WAGE DETERMINATION DEFLATION |
| Language: | ger |
| Abstract: | Wage policy has in disinflation other goals than in inflation. It has to be non-committal in order to improve capitals expectations, otherwise unemployment will set in. Real wage decrease has to counterbalance the cost effect of rising interest rates. |
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