Abstract
Now that runaway inflation spreads over so many developed economies, more and more economists and policymakers tend to lose hope in traditional remedies and to seek their hail in indexation: none less than Mr. Friedman was one of the last converts and prophets of general indexation i.e. a scheme whereby all incomes (including interests on all kinds of loans) would be subject to an escalation clause.
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References
H. Glejser: “Inflation, Productivity and Relative Prices”, Review of Economics and Statistics, Vol. XLVII, No. 1, February 1965, pp. 76–80
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© 1976 Springer-Verlag Berlin · Heidelberg
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Glejser, H. (1976). Reverse Indexing: A Scheme to Annihilate Inflation?. In: Frisch, H. (eds) Inflation in Small Countries. Lecture Notes in Economics and Mathematical Systems, vol 119. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46331-0_8
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DOI: https://doi.org/10.1007/978-3-642-46331-0_8
Publisher Name: Springer, Berlin, Heidelberg
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