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The Return of Inflation and Three Meanings of Wage Restraint

MPS-Authors
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Höpner,  Martin       
Politische Ökonomie der europäischen Integration, MPI for the Study of Societies, Max Planck Society;

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Di Carlo,  Donato       
Politische Ökonomie der europäischen Integration, MPI for the Study of Societies, Max Planck Society;
Luiss University Guido Carli, Rome, Italy;

External Resource

https://blogs.lse.ac.uk/europpblog/2023/10/16/the-return-of-inflation-and-three-meanings-of-wage-restraint/
(Publisher version)

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Fulltext (public)

mpifg_on23_1610.pdf
(Any fulltext), 324KB

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Citation

Höpner, M., Hassel, A., & Di Carlo, D. (2023). The Return of Inflation and Three Meanings of Wage Restraint. LSE Blog EUROPP.


Cite as: https://hdl.handle.net/21.11116/0000-000D-CE05-6
Abstract
The sharp increase in inflation across Europe over the last two years has led to calls from some actors for a policy of wage restraint to prevent a vicious circle of price rises. Yet as Martin Höpner, Anke Hassel and Donato Di Carlo write, the fact that “wage restraint” can be understood in multiple different ways has created confusion about the link between wages and prices.