THE WAGE-PRICE CONTROL EXPERIMENT--DID IT WORK?

Edgar L .Feige () and Douglas Kenneth Pearce ()

Macroeconomics from EconWPA

Abstract: This paper analyses the consequences of the Nixon Administration’s policy of wage-price controls and finds that the controls were essentially ineffective in reducing inflation.

Keywords: wage-price controls; incomes policy; inflation; unemployment (search for similar items in EconPapers)
JEL-codes: E3 E6 (search for similar items in EconPapers)
Date: 2004-08-07
Note: Type of Document - pdf; pages: 5
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0408003

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