This suggests that alternative methods such as wage and price controls ( incomes policies ) may also be needed in the fight against inflation.
22.
However, rising unemployment in 1972 caused Heath to reflate the economy, attempting to control the resulting high inflation by a prices and incomes policy.
23.
Furthermore, a Comprehensive Income Policy Agreement is often, but not always reached, which includes all trade unions, employer s unions and the Finnish government.
24.
As well, his involvement in macroeconomic policy advising took him, with Hall, into the long and disturbed development of proposals for prices and incomes policies.
25.
Finland has universal validity of collective labour agreements and often, but not always, the trade unions, employers and the government reach a Comprehensive Income Policy Agreement.
26.
Some economists argue that incomes policies are less expensive ( more efficient ) than recessions as a way of fighting inflation, at least for mild inflation.
27.
From 1995 to 1998 he headed the department of income policy of the Dutch Montague Burton Professor of Industrial Relations and Labour Economics at Cambridge University.
28.
It also backed the unions'campaigns against the government's prices-and-incomes policies and against " In Place of Strife ", Barbara Castle's 1969 package of trade union law reforms.
29.
They believe that without a totally planned economy the incomes policy can never work, the excess money in the economy greatly distorting other areas, exempt from the policy.
30.
However, it would be impossible to attain this full-employment target using only demand-side Keynesian stimulus without getting below the NAIRU and causing accelerating inflation ( absent incomes policies ).
