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The inflationary process in North American manufacturing / by Lester D. Taylor, Stephen J. Turnovsky, Thomas A. Wilson, Institute for the Quantitative Analysis of Social & Economic Policy, University of...: RG33-11/1973E-PDF

"During the period 1969-1970, the Canadian Government attempted to control inflation by the application of restrictive monetary and fiscal policies on the one hand, and by an attempt to establish an incomes policy relying on voluntary guidelines on the other. Both of these policies are predicated upon two different, but not necessarily inconsistent, views about the causes of inflation. For monetary and fiscal policy to work, prices and/or wages must be sensitive to demand pressures. The costs as well as the benefits of these policies depend upon the demand sensitivities of wages and prices, since the extent to which unemployment rather than reduced inflation is the result of the policies and the amount of unemployment required to achieve a given reduction of price inflation both vary inversely with these demand sensitivities"--Introduction, page 1.

Permanent link to this Catalogue record:
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Publication information
Department/Agency
  • Canada. Prices and Incomes Commission, issuing body.
TitleThe inflationary process in North American manufacturing / by Lester D. Taylor, Stephen J. Turnovsky, Thomas A. Wilson, Institute for the Quantitative Analysis of Social & Economic Policy, University of Toronto.
Variant title
  • Inflationary process in North American manufacturing
Publication typeMonograph
Language[English]
Other language editions[French]
FormatDigital text
Electronic document
Note(s)
  • Digitized edition from print [produced by Privy Council Canada].
  • "March 1972."
  • Issued also in French under title: Le processus inflationnaire et le secteur manufacturier nord américain.
  • Includes bibliographic references (pages 257-260).
  • Preface -- Introduction -- The Theory of Wages, Prices and Productivity in Manufacturing -- Wage Behavior in Canadian Manufacturing -- Labor Productivity in Canadian Manufacturing -- Price Behavior in Canadian Manufacturing -- Money Wages in U.S. Manufacturing -- Productivity and Prices in U.S. Manufacturing -- International Linkages -- International Comparisons -- Conclusions and Policy Implementations -- Appendices -- References.
Publishing information
  • Ottawa : Prices and Incomes Commission : Information Canada, 1973.
Author / Contributor
  • Taylor, Lester D., author.
Description1 online resource (ix, 260 pages)
Catalogue number
  • RG33-11/1973E-PDF
Subject terms
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