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Relative prices, inflation, the terms of trade and the Policy Targets Agreement

David John Archer

Published date:

01 December 1993

Reference:

Vol. 56. No. 4. December 1993

Relative prices, inflation, the terms of trade and the Policy Targets Agreement

PDF | 2MB

This article, by David Archer, discusses the distincion between relative price changes and inflation, and notes how the Policy Target Agreement deals with the distinction, with particular reference to the terms of the trade.