TY  - CHAP
AB  - The primary explanation for the marked rise in real wages in both England and Flanders, from the later fourteenth to mid fifteenth centuries, was a combination of institutional wage stickiness and deflation. In both countries, nominal wages had indeed risen after the Black Death (1348), but so had the cost of living, with a rampant inflation that lasted until the late 1370s in England and the late 1380s in Flanders. Thereafter, consumer prices fell sharply but money wages did not - or, in Flanders, not as much as did consumer prices. The other thesis of this paper is that these later medieval price movements were fundamentally monetary in nature.
VL  - 21
SN  - 978-0-76230-993-1, 978-1-84950-194-1/0363-3268
DO  - 10.1016/S0363-3268(03)21007-7
UR  - https://doi.org/10.1016/S0363-3268(03)21007-7
AU  - Munro John H.
PY  - 2003
Y1  - 2003/01/01
TI  - Wage-stickiness, monetary changes, and real incomes in late-medieval England and the low countries 1300–1500: Did money matter?
T2  - Research in Economic History
T3  - Research in Economic History
PB  - Emerald Group Publishing Limited
SP  - 185
EP  - 297
Y2  - 2024/09/24
ER  -