Politica dei redditi. La linea brutale e la linea civile

The author discusses the policy of keeping (or not opposing) a certain level of unemployment as a means to promote wage deflation, and identifies it as the "brutal" way to pursue macroeconomic stability. By contrast, Sylos Labini identifies the cost of living and productivity as two other...

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Bibliographic Details
Published in:	Moneta e Credito Vol. 67; no. 265
Main Author:	Labini, Paolo Sylos
Format:	Journal Article
Language:	Italian
Published:	Rome Associazione Economia Civile 01-03-2014 Associazione Economia civile
Subjects:	Deflation deflationary policy Economic policy income policy Macroeconomics Studies Unemployment Italy
Online Access:	Get full text
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Summary:	The author discusses the policy of keeping (or not opposing) a certain level of unemployment as a means to promote wage deflation, and identifies it as the "brutal" way to pursue macroeconomic stability. By contrast, Sylos Labini identifies the cost of living and productivity as two other determinants of the wage level, and thus proposes a rich policy of structural reforms as the most civilised way to obtain the same result. Keywords: income policy, unemployment, deflationary policy JEL codes: E64, D33, E25
ISSN:	0026-9611 2037-3651
DOI:	10.13133/2037-3651/11880