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

Prime Minister Harold Wilson proposed the incomes policy in July as a last-ditch measure to curb the nation's disastrous 26.3% annual inflation rate.

From Time Magazine Archive

Federal Reserve Chairman Arthur Burns has been arguing for a year in favor of an incomes policy, and lately he has been saying that he also favors more fiscal stimulus.

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