| Information | |
|---|---|
| has gloss | eng: 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. |
| lexicalization | eng: Second-round effect |
| lexicalization | eng: Second-round-effect |
| instance of | e/Crisis (Marxian) |
| Meaning | |
|---|---|
| German | |
| has gloss | deu: Unter Zweitrundeneffekten versteht man Preiserhöhungen als Reaktion auf vorangegangene Kostensteigerungen. |
| lexicalization | deu: Zweitrundeneffekt |
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