From shock therapy to gradualism: Anti-inflationary policy in Germany from 1973 to 1979

Armin Gutowski, Hans-Hagen Härtel and Hans-Eckart Scharrer

Intereconomics – Review of European Economic Policy (1966 - 1988), 1981, vol. 16, issue 2, 90-96

Abstract: A whole range of economic solutions have been proposed in recent years in an endeavour to combat rising inflation. Of these, the discussion on a policy of gradualism vis-à-vis shock therapy has given rise to considerable controversy. In the light of this controversy the following article analyzes the German experience with anti-inflationary policy between 1973 and 1979 and draws some important conclusions.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:inteco:139734

DOI: 10.1007/BF02924718

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