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Incomes Policies

In: Inflation Theory and Anti-Inflation Policy

Author

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  • Pieter Wolff

    (University of Amsterdam)

Abstract

Incomes policy is a term coined after the Second World War which covers a wide range of notions. Here it will be used in the sense that a government has a view about the sort of economic trends which are consistent with its objectives, and in particular about price stability or a reduction of the prevailing rate of inflation, and that it derives from this view certain targets for the development of incomes and takes steps to attain these targets through adequate policy measures. Although vague exhortations about restraints are thus excluded in this way the definition still covers a large number of experiments carried out in the postwar period [1].

Suggested Citation

  • Pieter Wolff, 1977. "Incomes Policies," International Economic Association Series, in: Erik Lundberg (ed.), Inflation Theory and Anti-Inflation Policy, chapter 18, pages 471-487, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-03260-0_18
    DOI: 10.1007/978-1-349-03260-0_18
    as

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