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The Impact of the Wage-Price Freeze on Relative Shares: A Test of Short-Run Market Expectations

Shalit, Sol S.
Ben-Zion, Uri
1972-12
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https://hdl.handle.net/11299/54648
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The Impact of the Wage-Price Freeze on Relative Shares: A Test of Short-Run Market Expectations

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1972-12

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Center for Economic Research, Department of Economics, University of Minnesota

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Working Paper

Abstract

This paper attempts to shed some empirical light on the impact of the Wage-Price Freeze on the distribution of relative shares of business and labor. While the overall impact of the Freeze on relative shares must await extensive data and a comprehensive analysis which are not likely to be forthcoming for several years, the indirect approach which we have taken here has the advantage of yielding more immediate, though suggestive, results. Rather than operate directly on relative shares, we have analyzed the expectations of the market as observed in the major stock exchanges.

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Center for Economic Research Discussion Papers

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Discussion Paper
24

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Shalit, S.S., Ben-Zion, U., (1972), "The Impact of the Wage-Price Freeze on Relative Shares: A Test of Short-Run Market Expectations", Discussion Paper No. 24, Center for Economic Research, Department of Economics, University of Minnesota.

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Shalit, Sol S.; Ben-Zion, Uri. (1972). The Impact of the Wage-Price Freeze on Relative Shares: A Test of Short-Run Market Expectations. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/54648.

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