Conflictual Distributional Struggles and Inflation

Figures & data

Figure 1. Price determination and wage determination curves. In zone A: $\dot{w}>\dot{p}(-1)\dot{p}\dot{>}\dot{w}(-1)$;in zone B: $\dot{w}<\dot{p}(-1)\dot{p}\dot{>}\dot{w}(-1)$;in zone C: $\dot{w}>\dot{p}(-1)\dot{p}\dot{<}\dot{w}(-1)$; andin zone D: $\dot{w}<\dot{p}(-1)\dot{p}\dot{<}\dot{w}(-1)$.

Figure 2. Shift in the price determination curve.