Titlebook: Distributional Conflict and Inflation; Theoretical and Hist Richard C. K. Burdekin,Paul Burkett Book 1996 Palgrave Macmillan, a division of

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The World Geopolitics of Drugs, 1998/1999arly-1990s, other ERM participants were forced to raise their own interest rates to maintain parity with Germany. The attempts to tighten in the midst of recession conditions were accompanied by rampant speculation against the weaker ERM currencies and losses of foreign exchange.

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Conflict Inflation as an Analytical Approache fundamental causal factor in the sense that, without dissatisfaction over the existing level and/or distribution of national income, the basis for inflationary growth of the supply and/or velocity of money simply would not exist.

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Non-Activist Monetary Policy from a Conflict Perspectivethat only where the policymaker has some informational advantage over the private sector is there any role for stabilization policy under rational expectations. Otherwise, ‘the conclusions for monetary policy are in accord with the philosophy behind Friedman’s proposal for a constant growth rate rule’ (ibid, p.26).

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Real Wages and the Role of Distributional Conflict in the German Hyperinflation and Stabilizational wage as the outcome of distributional conflict between the money wage demands of labor and price increases by firms. While both of these conflict variables respond positively to expected inflation, the model also incorporates the negative effect of unemployment on the bargaining power of labor.

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Government Budgetary and Private-Sector Pressures on US Monetary Policy: Some Preliminary Evidencedekin (1988) and Havrilesky (1993). The effects of government deficits on the money supply, inflation, and overall economic performance – as well as the political-economic channels by which these effects are asserted – are still controversial, however (see the surveys provided by Dwyer, 1985; Hibbs, 1987; Burdekin and Langdana, 1992).

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Conflicting Claims and Inflation in the Post-World War II US Economyion, which has made it difficult to locate these analyses in a testable framework. The seminal empirical work on conflict inflation in the US economy is that of Rosenberg and Weisskopf (1981), whose analysis is restricted to an accounting framework for delineating growth of income available and growth of income claims in the post-war US economy.

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