The Impact of the Anti-Inflation Board on Negotiated Wage Settlements

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

“…This value is not significantly different from the estimate of k = 0.78 presented here Auld et al (1979). The estimated coefficients are of the expected sign and statistically significant at the 5 per cent level.…”

“…of determination is high (R2 = 0.75), and the Durbin-Watson statistic gives no indication of autocorrelation (DW = 1.74). Allowing for the direct effect of AIB rollbacks produces an estimated effect of comparable magnitude to that found inAuld et al (1979) Cousineau and Lacroix (1978),. The estimated effectiveness coefficient indicates that the Canadian controls have been approximately 78 per cent effective in restraining wage increases.…”

Do Incomes Policies Restrain Wage Inflation? Some Evidence From Australia, Canada, and the United States*

“…By using a single dummy variable as a proxy for the entire controls-on period, one assumes that the :ffects of the controls were constant throughout. Some of the previous studies have chosen to view .he controls-on period as a single time interval (for :xarnple, Auld, et at., 1979;Reid, 1979). However, his approach may not always be warranted as ;hown in this paper.…”

“…Our results for Canada are similar to other studies. These studies found that all three years of the AIB were successful (see Auld, et al 1979;Cousineau and LaCroix, 1978;Reid, 1979;Riddel and Smith, 1982). Our findings also indicate that they were a success.…”

A Skeptical Note on the Efficacy of Temporary Sales Tax Reductions

“…See, for instance,Auld et al, (1978). 5 The quarterly Ontario data are derived from annual totals by interpolation, and so no purpose would be served by presenting separate prediction errors for the three quarters.…”