Price Controls: For Full Employment Without Inflation
AbstractThis paper proposes a system of permanent controls over prices of consumer goods. Together with appropriate aggregate demand policies, these price controls would enable full employment without inflation. Prices of commodities would be periodically adjusted up or down in line with changes in relative costs, subject to the constraint that the net effect of on the Consumer Price Index be zero. Prices of intermediate product and wages would not be explicitly controlled.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 467.
Date of creation: 1982
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