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The Wage-Price Control Experiment--Did It Work?

Author

Listed:
  • Edgar L. Feige

    (University of Wisconsin-Madison)

  • Douglas K. Pearce

    (University of Wisconsin-Madison)

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.

Suggested Citation

  • Edgar L. Feige & Douglas K. Pearce, 2004. "The Wage-Price Control Experiment--Did It Work?," Macroeconomics 0408003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0408003
    Note: Type of Document - pdf; pages: 5
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0408/0408003.pdf
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    Cited by:

    1. Robert J. Gordon & Arthur M. Okun & Herbert Stein, 1980. "Postwar Macroeconomics: The Evolution of Events and Ideas," NBER Chapters, in: The American Economy in Transition, pages 101-182, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    wage-price controls; incomes policy; inflation; unemployment;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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