The Wage-Price Control Experiment--Did It Work?
AbstractThis 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.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0408003.
Length: 5 pages
Date of creation: 07 Aug 2004
Date of revision:
Note: Type of Document - pdf; pages: 5
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wage-price controls; incomes policy; inflation; unemployment;
Find related papers by 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-09 (All new papers)
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- Robert J. Gordon, 1981.
"Postwar Macroeconomics: The Evolution of Events and Ideas,"
NBER Working Papers
0459, National Bureau of Economic Research, Inc.
- Robert J. Gordon & Arthur M. Okun, 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.
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