System dynamics investigation of wage-price spiral
The main idea of this work is to outline the wage-price spiral. A wage-price spiral is caused by the effect of supply and demand on aggregate prices. The value of the workers` services is derived from the value of the products they help to create. This is the doctrine and the meaning of productivity.
wage-price spiral, national currency, Ukrainian economy, conference materials
Dubrovna N. System dynamics investigation of wage-price spiral / Dubrovna Nataliia, Kyrylych Volodymyr // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 9-13.