The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 7 The evolution of the average inflation rate, CPI and average real profit rate (%); Italy
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 | − 3.2 | − 2.8 | 109.3 | − 4.7 | − 4.2 | 114.1 | 4.4 | 3.8 | 87.9 | 7.4 | 6.4 | 80.4 |
t = 2 | − 2.0 | − 2.1 | 105.9 | − 3.1 | − 3.2 | 109.1 | 3.5 | 3.4 | 90.4 | 5.7 | 5.6 | 84.7 |
t = 3 | − 1.5 | − 1.6 | 104.4 | − 2.3 | − 2.5 | 106.8 | 2.8 | 2.8 | 92.2 | 4.5 | 4.5 | 87.8 |
t = 4 | − 1.1 | − 1.2 | 103.2 | − 1.7 | − 1.9 | 105.0 | 2.3 | 2.4 | 93.5 | 3.6 | 3.7 | 90.0 |