Inflation and wages

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...

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Bibliographic Details
Main Author: Antonelli, Eduardo
Format: Online
Language:spa
Published: Facultad de Ciencias Económicas. Instituto de Economía y Finanzas 2005
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Online Access:https://revistas.unc.edu.ar/index.php/acteconomica/article/view/4041
Description
Summary: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.