2 edition of Incomes policies and inflation found in the catalog.
Incomes policies and inflation
by American Enterprise Institute for Public Policy Research in Washington
Written in English
Includes bibliographical references.
|Series||American Enterprise Institute for Public Policy Research. Special analysis -- no. 11., AEI special analyses -- no. 11.|
|The Physical Object|
|Number of Pages||41|
This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. Downloadable! Since the s, several countries have adopted income policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of Cited by: 2.
During inflation, usually people experience rise in incomes. But some people gain during inflation at the expense of others. Some individuals gain because their money incomes rise more rapidly than the prices and some lose because prices rise more rapidly than their incomes during inflation. Thus, it redistributes income and wealth. Incomes policies — wage and price controls, tax incentives, indexing, or other measures to fix income shares — are generally used to control inflation. Governments very often resort to wage and price controls during wartime to minimize war-induced inflations. Incomes Policies, and to devise schemes which sought to learn from errors in the past. 18 However, even some former advocates of such policies began to have their doubts. 19 Those who continued to contend for the regulation of incomes were nonetheless well aware of theAuthor: Adrian Williamson.
Incomes Policy The underlying inflation rate in Britain has been chiefly determined by monetary expansion and fluctuations in the sterling exchange rate. Incomes policies have had only a short-term effect, and that has been generally adverse. During much of the postwar period British Govern-ments have been preoccupied with incomes policies. The comprehensive Encyclopedia features accessible, informative and provocative contributions by leading international scholars working in the tradition of Keynes. a. The most common incomes policies are wage-price guidelines and controls. 2. The use of incomes policy is based on the view that inflation is caused by the exercise of monopoly power by labor unions and firms. 3. In general, economists oppose the use of wage and price controls. a. These policies tend to be ineffective. b.
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SyntaxTextGen not activatedDownloadable! Since the s, several pdf have adopted incomes pdf in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of Cited by: 2.A compilation of papers given at a Conference of the International Economic Association analyze the world-wide experiences of incomes policy when, in the s and early s, this was seen as a crucial target for government.Ebook National Board for Prices and Incomes was created ebook the government of Harold Wilson in in an attempt to solve the problem of inflation in the British economy by managing wages and prices.
The Board's chairman was Aubrey Jones, formerly a Conservative MP, who resigned his seat to take the position. Amongst the other members was the academic Hugh ry board executive: Aubrey Jones, Chairman.