Price Controls and Inflation

Tim Hazledine

Chapter 13 in Full Employment without Inflation, 1984, pp 105-114 from Palgrave Macmillan

Abstract: Abstract The worst thing about inflation may be that powerful people believe it to be so bad. Prime ministers and central bankers are willing to subject the economy to the miseries of deep recession in order to slice a few points off the consumer price index. Prosperous economists sit around large conference tables and announce that ‘we’ — meaning the rest of us — will have to ‘tighten our belts’ (ie face bankruptcy or the dole queue) in order to exorcise the inflationary demon.

Keywords: Consumer Price Index; Hedonic Price; Price Control; Retail Prex; Price Formula (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17697-7_13

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