By Melchior Palyi
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Extra info for A Lesson In French Inflation (1959)
Palyi, Melchior, The Dollar Dilemma: Perpetual Aid to Europe? (Regnery, Chicago, 1954). , 1958). Patel, I. , "Monetary Policy in Postwar Years," International Monetary. , April, 1953). Rueff, Jacques (Introduction by), Report on the Financial Situation of France, Submitted to the Minister of Finance and Economic Affaks (Distributed by U. S. of Commerce, New York, 1959). Sedillot, Rene, A. B. C. 'inflation (Tribune Libre, 24, PIon, Paris, 1958). - - - Le Franc - Histoire d'une monnaie, des origines a nos fours (History of the Franc from the origins to our days), (Sirey, Paris, 1953).
The French farmer, for one, had been de facto, though not de fure, exempt from paying the progressive income tax. He will soon begin carrying his share (also, in social security levies). So will people whose consumption conspicuously exceeds their declared incomes. As to small business, not even a dictator dares to propose to the French that they make their income declarations under oath. But 2,100 inspectors are engaged to weed out the tax chiselers. 5. The extremely complicated structure of the tax system is being greatly simplified, with incident relief from excessive bureaucratism as well as from unnecessary administrative costs.
French real wages at mid-1958 were in line with those of most other members, in some cases even lower. There was no appreciable change in wage costs in the second half of 1958; wage rate and fringe benefit increases of that year in Germany substantially out-paced those in France. 71 Exch. rates, June, 1958 (in guilders per 100 currency· units) _________________ Hourly wages in manuf. 6 Hourly wages plus social charges, June, 1958· (Neth. = 100) __________ 100 Purchasing power paritiesb for steelworkers, 1954 (in guilders per 100 currency units) _________________ Rise in cost of living between 1954 and June, 1958_____ 14% Calculated purch.
A Lesson In French Inflation (1959) by Melchior Palyi