Abstract
Over the past year or so increasing attention has been paid to the possibility of introducing indexation of economic variables, and especially of wage rates as a supplementary form of inflation control. This interest in indexation stems in part from the adoption of threshold agreements under Stage 3 of the Counter-Inflation Act, and in part from a growing feeling that inflation cannot be suppressed and that the best thing to do in the circumstances is to learn to live with it as best one can. Indexation currently forms a part of the Monetarist platform for inflationary control,1 and has been widely advocated in its own right.2 It is therefore necessary at this point to give the question of indexation careful consideration.
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Notes and References
See, for example, J. Hughes, Banker (Oct 1974);
P. J. Sheehan and D. S. Ironmonger, Australian Economic Review (4th qtr 1973);
H. W. Arndt, Australian Economic Review (3rd qtr 1973);
P. Robson, National Westminster Bank Review (May 1974);
S. Page and S. Trollope, National Institute Economic Review (Nov 1974);
R. Allen and D. Savage, National Institute Economic Review (Nov 1974);
J. D. Whiteley, National Institute Economic Review (Nov 1974);
J. H. Yang, Federal Reserve Bank of St Louis Review (Oct 1974),
and A. Fishlow, Brookings Papers on Economic Activity, no. 1 (1974).
Page and Trollope, National Institute Economic Review (Nov 1974).
The best developed system being that of Brazil, see Fishlow, Brookings Papers on Economic Activity, no. 1 (1974).
Page and Trollope, National Institute Economic Review (Nov 1974) p. 46
Allen and Savage, National Institute Economic Review (Nov 1974) p. 71.
See Fishlow, Brookings Papers on Economic Activity, no. 1 (1974),
and Yang, Federal Reserve Bank of St Louis Review (Oct 1974).
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© 1976 P. J. Curwen
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Curwen, P.J. (1976). Indexation. In: Inflation. Palgrave, London. https://doi.org/10.1007/978-1-349-15647-4_13
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