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Chapter II. The World Economy
Published online by Cambridge University Press: 26 March 2020
Extract
In recent months there has been mounting evidence of accelerating inflation, and the rise in prices is now regarded as the main problem in nearly all developed countries. It is the more disturbing because in most cases (France and West Germany being perhaps the main exceptions) the pressure on resources does not seem, as yet, to have been particularly severe.
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- Copyright © 1973 National Institute of Economic and Social Research
References
page 33 note (1) OECD Economic Outlook no. 13, July 1973, pages 14-15.
page 33 note (2) Op. cit., pages 81-96.
page 35 note (1) The actual figure has since been published as 51/2 per cent.
page 35 note (2) These figures are based on national GNP or GDP deflators combined with 1970 weights and rates of exchange.
page 37 note (1) National Institute Economic Review, no. 64, May 1973, page 38.
page 37 note (2) See F. Meyer-zu-Schlochtern and A. Yajima, ‘OECD trade model, 1970 version’, OECD Economic Outlook, Occasional Studies, December 1970.
page 39 note (1) As estimated by the Italian authorities. See footnote (b) to table 8.
page 42 note (1) National Institute Economic Review, no. 63, February 1973, page 61.
page 42 note (2) On the other hand the unit value index has risen a good deal less.
page 43 note (1) National Institute Economic Review, no. 63, February 1973, pages 61-65 and 87.