Inflation and wages

Authors

  • Eduardo Antonelli Profesor Asociado Regular (titular interino) Macroeconomía I y II e Investigador Instituto de Investigaciones Económicas y Consejo de Investigación Universidad Nacional de Salta.

Keywords:

Inflation, Salaries, Macroeconomics, Argentina

Abstract

Macroeconomics according to most texts almost unanimously adopts a "demand side" approach, according to the tradition that was established in the academic world after the Keynes General Theory. The purpose of this work excludes all value judgments about the relevance of this approach, but the initial comment is valid because inflation in Argentina would not have been a phenomenon exclusively of demand, but also caused by supply shocks. Here it is proposed, in which it is intended to demonstrate, through the logic of reasoning, to what extent changes in wages and other components of the cost of production of companies cause inflation, without this excluding other more orthodox explanations or traditional of this phenomenon that was believed to be extinct, but that is again installed in Argentina.

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Published

2005-06-30

Issue

Vol. 15 No. 56 (2005): January-June

Section

Articles

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How to Cite

Inflation and wages. (2005). Actualidad Económica, 15(56). https://revistas.unc.edu.ar/index.php/acteconomica/article/view/4041