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

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

The most imaginative thinking on how to ease inflation without causing dangerous side effects centers on two plans known by the acronym TIP, for tax-based incomes policy.

From Time Magazine Archive

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

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 Colignatus, Thomas