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van Wijnbergen, S. and Persson, T. (1993). Signalling, wage controls and monetary disinflation policy. Economic Journal, 103(416):79--.


  • Journal
    Economic Journal

Focuses on wage control and monetary disinflation policy. How the crucial variable to control is the money supply and wage and price controls should be avoided because of their macroeconomic costs; The two types of government as being low-inflation governments and high-inflation governments; How wage controls have microeconomic costs.