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A Overall price increases in eight major OECD countries
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A.W. Phillips acceleration action agreements agricultural Annex Austria average behaviour Canada changes Chart compensation of employees competition consumer prices costs coun creases cyclical demand management policies demand pressures Denmark devaluation domestic prices economic effects elasticity employers equation excess demand expenditure export prices farm prices Finland fiscal and monetary food prices France Germany growth half per cent impact imports incomes policy industry inflation Italy Japan labour force labour market major OECD countries manpower policies manufactured Member countries ment national income Netherlands Norway number of countries overall period Phillips Curve price and wage price equation price increases price level price performance price rise price stability price-incomes policy Prices and Incomes problem productivity programme recent reduce relatively Report restrictive result Secretariat estimates significant social Social Economic Council Source structural subsidies Sweden Table tion trade unions United Kingdom variable wage and price wage increases wages and salaries