The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 6 The evolution of the average inflation rate, CPI and average real profit rate (%); Greece
Wage devaluation | Currency devaluation | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
w = 20% | w = 30% | ε = 30% | ε = 50% | |||||||||
\(\pi_{t}\) | CPI | \(\rho_{t} \bar{r}_{0}^{ - 1}\) | \(\pi_{t}\) | CPI | \(\rho_{t} \bar{r}_{0}^{ - 1}\) | \(\pi_{t}\) | CPI | \(\rho_{t} \bar{r}_{0}^{ - 1}\) | \(\pi_{t}\) | CPI | \(\rho_{t} \bar{r}_{0}^{ - 1}\) | |
t = 1 | − 3.6 | − 3.1 | 108.1 | − 5.4 | − 4.7 | 112.4 | 5.7 | 5.7 | 88.2 | 9.5 | 9.5 | 81.0 |
t = 2 | − 2.2 | − 2.2 | 104.8 | − 3.3 | − 3.4 | 107.4 | 3.9 | 3.9 | 91.7 | 6.3 | 6.2 | 87.0 |
t = 3 | − 1.5 | − 1.5 | 103.3 | − 2.3 | − 2.4 | 105.1 | 3.0 | 3.1 | 93.6 | 4.8 | 4.8 | 90.1 |
t = 4 | − 1.1 | − 1.1 | 102.3 | − 1.6 | − 1.7 | 103.6 | 2.4 | 2.4 | 94.8 | 3.7 | 3.8 | 92.1 |