6 articles in this issue
F. MACHLUP
The work deals with the relationship between inflation and employment and highlights the common mistake of using the term “inflation” to mean “price increases”. With regard to the economically relevant variables, a lack of specification concerning the kin... see more
I.B. KRAVIS
In recent years, the idea of commodity agreements has gained traction and a system of such agreements centred on buffer stocks is now being vigorously sought by developing countries. The present work argues, however, that even if disputed issues such as r... see more
T.D. WILLETT,L.O. LANEY
The present paper discusses two of the major areas of current disagreement between monetarists and anti-monetarists. The first concerns inflation-unemployment relationships and the distinction between demand-pull and cost-push pressures. The second concer... see more
A.V. DEARDORFF,R.M. STERN
By letting prices be determined entirely by the requirements of macroeconomic equilibrium, flexible-price models bypass the issues of how prices and wages are set in the short run and whether there is any direct linkage between domestic price and wage for... see more
P. BLANCUS
The Common Agricultural Policy (CAP), one of the main forces working for the integration of EEC member countries, generates an economic burden for each member which affects the balance of payments and the real income. This study assesses, for each member ... see more
B. BROVEDANI
While structural maladjustments have long been the distressing prerogative of less developed countries, they have now emerged in all their vigour in industrial countries as well. Indeed, after a decade in which cyclical imbalances were the focus of econom... see more