Hence, incomes policies
have, at the second height of their popularity in the middle-1980s, often been presented as a means of improving the trade-off between unemployment and price stability (Romanis Braun, 1986, p.
Wage inflation caused price inflation, but the calamitous 50 million death toll across Europe eroded respect for authority, so prices and incomes policies
got two fingers.
"The relatively modest reaction to the large external shocks reflects the authorities' effective policy response-floating exchange rate, banking system liquidity support and capital injections, and limited fiscal stimulus coupled with restrictive incomes policies
," the IMF said on the conclusion of the 2017 Article IV consultation with Russia.
Keynesian and post-Keynesian controversies since then concern the status of cycles, crises, incomes distribution and incomes policies
In contrast, Harcourt favours the now out-of-favour incomes policies
where money incomes are adjusted for inflation and overall productivity growth.
"Alongside radical tax reforms, the abandonment of exchange controls and prices and incomes policies
, the introduction of Right to Buy, a major overhaul of industrial relations law and the world's first privatisation programme, Margaret Thatcher also led a significant programme of Civil Service reform.
(2004), 'The Effectiveness of Incomes Policies
, in Australia Bargaining and Inflation Targeting Enterprise' Australian Economic Papers, vol.
These reviews supported current retirement incomes policies
and limited their proposals to reducing waste or excessive inequality.
And while an income policy for the fat cats may be quite appealing to most of us, economic history would suggest that incomes policies
and wage controls do not work.
She attacked all aspects of the consensus: redistribution, union power, the control of unemployment, incomes policies
, the 'sanctity' of council flats remaining in the subsidised sector, state intervention and even wholesale state ownership--all these mantras were overturned.
Who would have thought at the time that industrial upheaval in the face of prices and incomes policies
and the Industrial Relations Act, the Three Day Week, striking miners and the Cod War would later be remembered a halcyon period of social peace and an economic golden age?