Following the oil shock of 1973, a massive wave of inflation spread throughout Europe. This volume explores these upheavals through a broad historical lens, by examining countries in Western, Northern and Eastern Europe, as well as trade unions, businesses and international organizations, particularly the European Community and GATT. Read More
Following the oil shock of 1973, a massive wave of inflation spread throughout Europe. Combined with low growth and rising unemployment, it had major implications on the social front with conflicts linked to indexed wage-pricing, for economic theory with the controversies surrounding the Phillips curve and monetarism, and for public polic y with the priority afforded to the fight against inflation at the expense of full employment.
This volume explores these upheavals through a broad historical lens, by examining countries in Western, Northern and Eastern Europe, as well as trade unions, businesses and international organizations, particularly the European Community and GATT.
Introduction
Michel-Pierre Chélini
Chapitre 1 – European inflation, 1973-1983
Issues and solutions
Michel-Pierre Chélini
PREMIÈRE PARTIE – LES RÉACTIONS DES ÉTATS EUROPÉENS/ REACTIONS OF EUROPEAN STATES
Chapitre 2 – Mesurer l'inflation, un processus délicat
L’exemple de l’Insee durant les années 1970
Béatrice Touchelay
Chapitre 3 – L’adaptation des politiques budgétaires et fiscales en France durant les années 1970
Une réponse à l’inflation ?
Frédéric Tristram
Chapitre 4 – The politics of inflation and disinflation
The Italian case
Francesco Petrini
Chapitre 5 – Danish and Swedish responses to inflation in the 1970s and their repercussions in the 1980s
Jan Pedersen
Chapitre 6 – State price policy in the German Democratic Republic in the 1970s and 1980s
André Steiner
Chapitre 7 – Inflation in Poland in the 1970s between official figures and the reality
A virtual price approach
Christophe Starzec, François Gardes
DEUXIÈME PARTIE – L’ÉVOLUTION DE LA RÉGULATION INTERNATIONALE/
THE EVOLUTION OF INTERNATIONAL REGULATION
Chapitre 8 – Les banques centrales face à la « grande inflation » (1968-1979)
Olivier Feiertag
Chapitre 9 – Inflation, risk and international banking
Responses by regulators and the market in the 1970s
Catherine R. Schenk
Chapitre 10 – The EMS as an external anchor in inflation-prone countries
The extent and limits of the European anti-inflationary consensus, 1970s-early 1980s
Emmanuel Mourlon-Druol
Chapitre 11 – From price control to competition policy in France and in the UK
Europeanisation and the role of the German model (1976-1986)
Laurent Warlouzet
Chapitre 12 – GATT, inflation and exchange rate instability
Liberalising trade in the Tokyo Round negotiations (1973-1979)
Lucia Coppolaro
TROISIÈME PARTIE – L’ADAPTATION DES ACTEURS SOCIOÉCONOMIQUES/ THE ADAPTATION OF SOCIOECONOMIC ACTORS
Chapitre 13 – Les syndicats ouest-européens face à l’inflation des années 1970
Rémi Devémy
Chapitre 14 – Les réactions des syndicats allemands
Karl Lauschke
Chapitre 15 – Wage labour relations in Britain and the Germanies (FRG/GDR) during the 1970s’ inflation
The case of the construction Industry
Linda Clarke, Jörn Janssen
Chapitre 16 – Stratégie industrielle et stratégie-prix de la Verrerie Cristallerie d’Arques durant les années 1970
Nil Favier
Chapitre 17 – Le blocage des prix dans le secteur automobile
Un cas d’école de l’inefficacité des politiques anti-inflationnistes à la française ?
Jean-François Grevet
Conclusion / The shock of stagflation and the evolution of economic policies
Laurent Warlouzet