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

See Examples For:

incomes policy

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

Whatever the inflationary pressure, the board suggested that an incomes policy is not the answer.

From Time Magazine Archive

Europe's moneymen have urged the U.S. to adopt such an "incomes policy," and have lost faith in the dollar partly because of Washington's failure to heed their advice.

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

If a national incomes policy does not respect these differences, a country can have both unemployment and a surplus on the trade account.

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