Controlling Inflation: Learning from Experience in Canada, Europe and Japan

Published in 1982, this book examines how eighteen Western countries dealt with extraordinary inflationary pressures of the 1970s.

The authors weigh the alternatives of tax-based incomes policies versus outright wage and price controls, and analyze the record of controls implemented in the U.S. and Canada. They conclude that the Anti-Inflation Board controls of 1975-78 reduced inflation, and were equal in their effects on wages and profits.

Controlling Inflation offers a close analysis of the range of responses framed to meet the most pressing economic challenge faced by Western economies in the 1970s.