e/Second-round effect

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Information
has glosseng: A second-round effect means when trade unions decide to raise wages after commodity prices (e.g. energy, food) have increased sharply. This leads to a high inflation, so the central bank has to raise interest rates.
lexicalizationeng: Second-round effect
lexicalizationeng: Second-round-effect
instance ofe/Crisis (Marxian)
Meaning
German
has glossdeu: Unter Zweitrundeneffekten versteht man Preiserhöhungen als Reaktion auf vorangegangene Kostensteigerungen.
lexicalizationdeu: Zweitrundeneffekt

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