From Welltop to Laptop? by Shimshon Bichler and Jonathan Nitzan
ABSTRACT: Over the past decade, soaring commodity prices have had a relatively minor impact on the overall level of prices, at least by historical standards. Whereas oil is twelve times more expensive now that it was in 1999, consumer prices in industrialized countries are only 20 per cent higher. This short note explains why the sluggish response of inflation may be about to change.
FULL TEXT: http://bnarchives.yorku.ca/251/
-- Jonathan Nitzan Political Science York University 4700 Keele St. Toronto, Ontario, M3J-1P3 Canada Voice: (416) 736-2100, ext. 88822 Fax: (416) 736-5686 email: nitzan at yorku.ca website: http://bnarchives.net