Policy Against Inflation: Prices and Incomes Policy

A. J. Hagger
Additional contact information
A. J. Hagger: University of Tasmania

Chapter 8 in Inflation: Theory and Policy, 1977, pp 167-208 from Palgrave Macmillan

Abstract: Abstract As pointed out in the opening section of Chapter 7, the economist typically approaches the problem of designing anti-inflationary policy with a particular model of the inflationary process in-mind and begins by noting that two types of action are possible within the framework of his chosen model. One possibility is to modify the time paths of the data of the model in a favourable way; the other is to modify the structure of the model in a favourable way. In Chapter 7 we were concerned with the first of these two possibilities, and in this chapter and the next we shall be concerned with the second. The second possibility — favourable modification of the structure of the model — itself embraces two sub-possibilities, which go by the names ‘prices and incomes policy’ and ‘manpower policy’. We shall devote this chapter to the former and Chapter 9 to the latter.

Keywords: Price Increase; Wage Increase; Wage Equation; Price Equation; Wage Bill (search for similar items in EconPapers)
Date: 1977
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15735-8_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349157358

DOI: 10.1007/978-1-349-15735-8_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().