incomes policy

American  

noun

1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

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incomes policy British  

noun

1. See prices and incomes policy

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Etymology

Origin of incomes policy

First recorded in 1955–60

Example Sentences

With prices rising far faster than incomes, policy makers are concerned borrowers are taking on ever-larger amounts of debt, leaving them vulnerable to an economic downturn.

From Reuters • Sep. 30, 2021

Burns became an early and staunch advocate of some kind of "incomes policy" to restrain inflation.

From Time Magazine Archive

So far he has been blocked by Budget Boss George Shultz, who, in Robert Nathan's words, is "ideologically, conceptually, religiously" against an incomes policy because it would interfere with natural market forces.

From Time Magazine Archive

While the incomes policy is shaky, the Administration's fiscal and monetary initiatives, which will be decisive factors in reducing inflation, are moving ahead relatively smoothly.

From Time Magazine Archive

By proper choice of functions and parameters we have succeeded in reproducing and hence illustrating the Van Schaaijk observation & analysis of the differential reaction of the exposed and sheltered sectors on incomes policy.

From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas