The Difference Between Structural Forces and Psychical Forces

The distinction also between structural encyclical factorsin the process of the inflationary process. Why does that matter? And can you elaborate a little bit more on those sow? Both structural and psychical forces operate mainly by influencing the bargaining power of labor and the pricing power of firms. But they do so in different ways. Structural forces shape the environment in whch inflation evolves and have an impact on inflation over longer, longer horizons.