The Role of the Federal Reserve
The Role of the Federal Reserve
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美联储的作用
DOI：
10.1080/05775132.1957.11468418
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发表时间：
1957
期刊：
影响因子：
--
通讯作者：
G. Garvy
中科院分区：
文献类型：
--
作者：
G. Garvy
答 不完全是。当前形势的主要特点是需求压力强劲且不断上升，对现有产能造成压力。这种能力的增长速度无法满足经济的所有需求。结果，对所有资源（尤其是劳动力）的竞争已经比生产力更快地推高了工资和其他一些成本。自战争以来，制造业单位劳动力成本的增长只有约三分之二被生产率的提高所吸收。事实上，我们今天面临的主要经济问题之一就是需要控制这种成本的增加。如果不这样做，就会出现单位成本不断上升的情况。这将意味着持续的通货膨胀。
A Not quite. The main characteristic of the present situation is that of strong and rising demand pressures pushing against existing capacity. This capacity cannot be increased rapidly enough to satisfy all the demands of the economy. As a result, competition for all resources-and particularly for labor-has pushed up wages and some other costs more rapidly than productivity. Since the war, only about two-thirds of the increase in manufacturing unit labor costs has been absorbed by increased productivity. Indeed, one of the main economic problems facing us today is the need to control such cost increases. If we do not, we are going to have a situation where unit costs will rise continuously. And that would mean a continuous inflation.