Lohn-Preis-Spirale

German Etymology de :af Lohn<t:wage> Preis<t:price> Spirale<t:spiral> de Lohn Preis Spirale wage price spiral Pronunciation de [ˈloːnpʁaɪ̯sʃpiˌʁaːlə] de Lohn Preis Spi ra le Noun f de economics wage-price spiral a macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices de Um eine gefährliche Lohn-Preis-Spirale zu verhindern, mahnte die Zentralbank zu moderaten Tarifabschlüssen. To prevent a dangerous wage-price spiral, the central bank urged moderate collective bargaining agreements. Declension f Synonyms de Zweitrundeneffekt second-round effect; often used by central banks de Kostendruckinflation cost-push inflation Antonyms de Deflationsspirale the opposite effect where falling prices and wages reinforce each other Coordinate terms de Inflation the general increase in price levels de Inflationsausgleich the trigger for higher wage demands de Leitzins the tool used to break the spiral by cooling the economy de Tarifautonomie the right of unions and employers to negotiate wages independently de Preissetzungsmacht the ability of companies to pass on higher costs to consumers Related terms de Lohnsteigerung wage increase de Preisschub price surge