In Pursuit of Price Stability: The Wage-price Freeze of 1971Study of the nature and consequences of the wages-price freeze imposed in the USA in 1971 by means of direct incomes policy and price policy controls - covers administrative aspects, problems of adjustment and equity, conflict with other government policies, sanctions, etc. Statistical tables. |
Contents
The Background | 1 |
U S Balance of Payments in 1971 | 7 |
Incomes Policy and the WagePrice Freeze | 10 |
Copyright | |
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action administration AFL-CIO agency agreement alleged violations applicable Atlanta Falcons August 15 base period basis bureaucratic ceiling price Chairman charged CISC collective bargaining commodities complaints comprehensive considerations consumer price index Cost of Living court coverage Davis-Bacon Act decision determined developed dividends Economic Advisers Economic Stabilization Act effect employees enforcement established exemption federal Federal Reserve System firms formal forms of income futures contracts governing the freeze imposed incomes policy individual industry inflation initiated interest rates involved issue jawboning Jefferson Parish labor limited Living Council ment Office operational pass-through payments peanuts percent permitted policy formulation political post-freeze President President's pressure price increases price index prices and wages prior to August problem raw agricultural products regulations rent rent ceilings restraint salaries sanctions scheduled seasonality rule Secretary specific stabilization program standard sugar tion transactions United voluntary compliance wage and price wage increases wage-price freeze