Also significant was the Conservatives' rapid retreat in 1985 over their planned partial deindexation
of OAS benefits, a move that created the widespread perception of strong political influence by the seniors' movement in Canada and the high costs of the loss of this constituency by attempting such direct impositions (Prince 1991, 1997).
The rate was first set at 45% a year, and then adjusted to 50%, with the justification of trying to favorably influence inflationary expectations, in a first attempt at partial deindexation, based on recognition of the inertial effects produced by indexation on general price levels.
In an attempt to promote a broad deindexation of the economy and combat the inertial component of Brazilian inflation, the government issued the NTN - Series H, papers that were indexed by the Reference Rate (TR).
In spite of supporting trade reform, foreign exchange rate reform, and the deindexation
of wages, Congress failed to act decisively on the fiscal front.
In her work, she attacks Allan Blakeney, one of the better premiers of Saskatchewan, and refers derisively to Mulroney "caving in to an irate senior" over deindexation
of seniors' pensions.
The increase of retentions shown in Table 1 is partly due to general economic factors, such as a general improvement in investment and profitability, the wearing out of the negative effects of oil shocks, and a policy of deindexation
of wages started in 1982.
Winston Fritsch, Brazil's Secretary of State in charge of economic policy, had inadvertently leaked to the press in October 1993 that he would "deliver to the IMF, the skeleton of a plan of deindexation."
The introduction of the new currency had engineered the deindexation of wages.
In the early years, the Mulroney government moved haltingly to implement its agenda and was forced under public pressure to back down on such actions as pension deindexation
and unemployment insurance cuts.