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

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

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.

Suggested Citation

  • Gutowski, Armin & Härtel, Hans-Hagen & Scharrer, Hans-Eckart, 1981. "From shock therapy to gradualism: Anti-inflationary policy in Germany from 1973 to 1979," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 16(2), pages 90-96.
    • Handle: RePEc:zbw:inteco:139734
    DOI: 10.1007/BF02924718
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