anti-inflation

Polish workers have good reason to support the Government's anti-inflation campaign.

It holds that economic growth comes from an anti-inflation policy.

The anti-inflation programmes failed because they hardly cut government spending.

Then the cost of the anti-inflation policy will have been temporary unemployment.

There are already signs that the tough anti-inflation stance is working.

Still, a close examination of today's price data left room for doubt that fresh anti-inflation measures are required.

Unlike previous Brazilian anti-inflation plans, the current one does not include price controls.

Poland, one year after starting a strict anti-inflation programme, is said to be a particularly terrible place.

If the Fed does dial down its anti-inflation talk, stocks may rise, he said, although not for long.

He introduced tough anti-inflation measures that have thrown the economy into a recession.

That investment boom has had another powerful anti-inflation effect.

Leaders in the anti-inflation fight gave the countries that followed their recommendations A-pluses.

What happens, it seems, is that anti-inflation measures fall unduly on the latter.

In a test of wills, the oil workers had threatened to derail the nation's anti-inflation program.

Indeed, Peronist leaders, who draw heavily on labor union support, said they did not back the anti-inflation program.

He resigned only days after announcing new anti-inflation measures, which drew strong criticism from business and labor leaders.

Now, with anti-inflation plans faltering, the Government is counting on imports to keep prices down.

"And the Fed's anti-inflation policy has been a failure."

But the cost of anti-inflation credibility, measured in slower growth and high unemployment, can be substantial.

But on Main Street, the anti-inflation hawks in the financial markets seem out of touch with the real world.

The hammerlock that the anti-inflation battle has had on economic policy is easing up.

Nevertheless, many economists see several underlying problems with the slow-growth, anti-inflation approach.

"We will enact a vigorous anti-inflation campaign and program of institutional reforms," he said.

The 500-day plan included a draconian anti-inflation program that has now, he said, been rendered obsolete.

What Tuesday's decision does not mean is that the Fed has abandoned its anti-inflation policy.