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The determination and control of the world
International liquidity and world inflation
Political origins of the international
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adjustment aggregate analysis argues Australia average award wages balance of payments behaviour bottleneck cent coefficient currency deficit determined devaluation dollar domestic credit domestic prices effects equilibrium estimated excess demand exogenous expectations explained export prices fixed exchange rate function H.M. Treasury high-powered money hypothesis IMF system imply import incomes policies increase industrial inflation rate inflationary pressures international liquidity labour market Laidler LDCs ment monetarist monetary expansion monetary policies money multiplier natural rate OECD open economy output parameters Parkin period Phillips curve price equations price index price level problem production rate of change rate of growth rate of inflation rate of monetary relationship relative price reserve currency rise sector significant Statistics strike activity structural structuralist tion trade union trend unemployment union militancy variables wage equation wage inflation world economy world inflation world money supply world rate