The Effect of Controls on the Rate of Wage Change in Canada

Reid, Frank

doi:10.2307/134597

Cited by 15 publications

(3 citation statements)

References 14 publications

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“…The policy was moderately successful. It was judged to have lowered settlements by around 3% (Reid, 1979).…”

Section: Responses To the World Inflationary Crisis Of The 1970smentioning

confidence: 99%

The Australian Accord from an international perspective

Brown

2014

Journal of Industrial Relations

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This article places the Australian 'Accord' incomes and prices policy of the 1980s and 1990s in an international historical perspective. It discusses the policy responses to the inflationary crisis of the 1970s in the United States, Canada and the United Kingdom and the lessons that might have been learnt from that experience. The then disorderly and inflationary state of workplace bargaining in Australia is compared with a similar contemporary situation in the United Kingdom. It is argued that the Accord provided the vehicle for a politically skilful and successful transition of Australia's unique wage fixing system to one better adapted for an internationally competitive economy. It concludes by questioning whether Australia has the institutional infrastructure to cope with comparable adjustments in future.

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“…The policy was moderately successful. It was judged to have lowered settlements by around 3% (Reid, 1979).…”

Section: Responses To the World Inflationary Crisis Of The 1970smentioning

confidence: 99%

The Australian Accord from an international perspective

Brown

2014

Journal of Industrial Relations

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“…Darby, Feige-Pearce); Dunlop (1974); Edgren, Faxen and Odhner (1973); Gordon (1972); Henry and Ormerod (1978); IEWO (1973); LanzillottiandRoberts (1974); Mills (1976); Mitchell and Weber (1974); Parkin and Sumner (1972, papers by Parkin-Sumner-Jones, Brechling. Smith, Wallis, Godfrey, Burrows-Hitiria, Taylor, Thomas-Stoney, Saunders-Nobay, Bispham, Johnson); Pen (1962); Reid (1979); Schultz and Aliber (1986); Ulman and Flanagan (1971); Vroman and Vroman (1979); Weber (1973); Whitehead (1973).…”

Section: Introductionmentioning

confidence: 99%

Incomes Policies: Conditions for Voluntary Compliance*

1981

The Manchester School

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I INTRODUCTIONThough incomes policy (either in its milder form such as wage-price guideposts or in its strong form of a price freeze)l has been an important instrument in practice for a long time and is unlikely fo disappear in the foreseeable future, surprisingly little analysis has been done on how i t achieves (or fails to achieve) its objectives. There exists a large literature on the policy discussion and econometric testing of the effects of incomes policies.2 The wage-price determination models used mostly involve relations a t the aggregate 1evel.s Little attempt has been made to look a t the causal link through the process of profit maximization at the firm level.4 The recent interest in the microeconomic foundations of macroeconomics is mainly concerned with the (especially dynamic) effects of imperfect information, search costs, non-*Manuscript received 6.11.79; flnal version remived 14.11.80. tI a m grateful to Peter Warr for oommenting on the 14 draft, to Alan Fela for drawing my attention to some references, and to a referee for helpful suggestions. ]In this paper I am not concerned with what Haberler (1972) calls "incomes policy two"which is designed to reduce monopoly power and promote competition in the labour market and elsewhere. My neglect does not mean that I regard "incomes policy two" aa undesirable. Rather, i t rt3fleCtE the fact that "little hes been done to implement it (i.e., incomes policy two)" (Heberler, 1972, p. 234). On the meaning of incomes policy, see also Braun (1975). ~S W , 8. ., Ackley (1972); Blackaby (1972); Bomorth (1972); Braun (1975); Brunner and Meftzer (1978, papers by Oi, McGuire, Parkin-Sumner-Ward. Darby, Feige-Pearce); Dunlop (1974); Edgren, Faxen and Odhner (1973); Gordon (1972); Henry and Ormerod (1978); IEWO (1973); LanzillottiandRoberts (1974); Mills (1976); Mitchell and Weber (1974); Parkin and Sumner (1972, papers

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“…That is to say, the figure originally envisaged for the third year would be enforced: without a change in the regulations, the guideline would have remained at 8 percent as in the second year of the program, because the consumer price increase in the second year had exceeded the target 6 percent by some 2 percent, and this would have been added to the original 6 percent guideline.83 Auld, Christofides, Swidinsky, and;Christofides and Wilton (1979);Cousineau and Lacroix (1977);Cousineau and Lacroix (1978);Reid (1979);Wilson and Jump (1979); andMaslove and Swimmer (1980).©International Monetary Fund. Not for Redistribution…”

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confidence: 99%

Wage Determination and Incomes Policy in Open Economies. By Anne Romanis Braun (Washington: International Monetary Fund, 1986. xix, 380p. $18.50, paper).

Haufler

Braun²

1988

Am Polit Sci Rev

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This volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open industrial economy under a fixed or a flexible exchange rate system. Several chapters focus on the scope for incomes policy as an adjunct to fiscal and monetary policy.Throughout the volume, the industrial countries are defined as the 14 closely integrated economies of Austria,

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The Effect of Controls on the Rate of Wage Change in Canada

Cited by 15 publications

References 14 publications

The Australian Accord from an international perspective

The Australian Accord from an international perspective

Incomes Policies: Conditions for Voluntary Compliance*

Wage Determination and Incomes Policy in Open Economies. By Anne Romanis Braun (Washington: International Monetary Fund, 1986. xix, 380p. $18.50, paper).

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