{"id":116772,"date":"2024-01-22T20:11:31","date_gmt":"2024-01-22T19:11:31","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116772\/"},"modified":"2024-11-18T13:19:29","modified_gmt":"2024-11-18T12:19:29","slug":"incomes-policies-expectations-and-the-nairu-3","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116772\/","title":{"rendered":"Incomes Policies, Expectations and the NAIRU"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116772","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of inflation expectations, in particular. Some of the problems inherent in such an approach are illustrated by applying the standard tools of NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures.","onlinedate":"2012-07-01 02:00:00","lang":"English","publication_series":"","publication_date":"20120701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"21","keywords":"[\"Lucas critique\",\"NAIRU\",\"expectations\",\"incomes policies\"]","jelcodes":"[]","related_publications":"[]","pdf":416392,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"433","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3510],"collaboration":"","persons":[3797],"persons_data":"[{\"personId\":3797,\"personName\":\"Wolfgang Pollan\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pollan, W.<\\\/span> (2012). <span>Incomes Policies, Expectations and the NAIRU<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (433). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44801\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/44801<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pollan W<\\\/span>. <span class=\\\"title\\\"><span>Incomes Policies, Expectations and the NAIRU<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2012 Jul;(433).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{95caa84ac3e7424bad53bcbb907ab7a0,<\\\/div><div>  title    = \\\"Incomes Policies, Expectations and the NAIRU\\\",<\\\/div><div>  abstract = \\\"Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of inflation expectations, in particular. Some of the problems inherent in such an approach are illustrated by applying the standard tools of NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures.\\\",<\\\/div><div>  keywords = \\\"Lucas critique, NAIRU, expectations, incomes policies, Lucas critique, NAIRU, expectations, incomes policies\\\",<\\\/div><div>  author   = \\\"Wolfgang Pollan\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Incomes Policies, Expectations and the NAIRU<\\\/p><p>AU  - Pollan, Wolfgang<\\\/p><p>PY  - 2012\\\/7<\\\/p><p>Y1  - 2012\\\/7<\\\/p><p>N2  - Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of inflation expectations, in particular. Some of the problems inherent in such an approach are illustrated by applying the standard tools of NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures.<\\\/p><p>AB  - Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and price setting system, in the formation and propagation of inflation expectations, in particular. 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