Arbeitspapier
Incomes Policies, Expectations and the NAIRU
Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of inflation expectations, in particular. Some of the problems inherent in such an approach are illustrated by applying the standard tools of NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures.
- Language
-
Englisch
- Bibliographic citation
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Series: WIFO Working Papers ; No. 433
- Classification
-
Wirtschaft
- Subject
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NAIRU
incomes policies
expectations
Lucas critique
Natürliche Arbeitslosenquote
Inflationserwartung
Lohnpolitik
Geldpolitik
Neue klassische Makroökonomik
Österreich
- Event
-
Geistige Schöpfung
- (who)
-
Pollan, Wolfgang
- Event
-
Veröffentlichung
- (who)
-
Austrian Institute of Economic Research (WIFO)
- (where)
-
Vienna
- (when)
-
2012
- Handle
- Last update
-
2025-03-10T11:45:11+0100
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pollan, Wolfgang
- Austrian Institute of Economic Research (WIFO)
Time of origin
- 2012
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