Wage-Push Inflation: Its Meaning and Control

dc.contributor.advisorMirza, David B.
dc.contributor.authorHalpert, Richard L., 1947-
dc.descriptionvi, 81 p.en_US
dc.description.abstractIt is the opinion of the present writer that if the tools of monetary and fiscal policy are refined to reduce time-lags, and if the attitudes of those administering policy change, the situation would be much improved. If both the tools and the attitudes were present to act immediately upon a wage-push inflation, the goal of both full-employment and price stability could be achieved. However, without these modifications, the present "either/or" type of situation will continue. Price stability will be achieved only at the cost of unemployment and full-employment will be achieved only at the cost of unstable prices. With modifications in monetary and fiscal policy however, the goal of full-employment with reasonable price stability can be achieved. 20 We will not go into a complete discussion here as to specifically how they may be refined. One example of a refin emen tin f i s cal pol icy , however, mig ht be a con gres sf 0 na1 'en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleWage-Push Inflation: Its Meaning and Controlen_US