COWPS (inflation matters)

Price Behavior During the 1973-75 Recession

by Council on Wage and Price Stability October 4, 2009 COWPS (inflation matters)

The Council staff has undertaken a study of the responsiveness of prices to the 1973-75 recession and the extent to which this responsiveness varied with industrial concentration. The enclosed report presents and analyzes the results of the first stage of a multi stage study on which work is continuing. The study was undertaken in accordance […]

Read the full article →

Fact Sheet For Soft Drink-Beer Industry Meeting

by Council on Wage and Price Stability December 5, 1979 Council on Wage and Price Stability

The purpose of the meeting is to discuss recent price increases – at both the wholesale and retail levels – in the soft drink and brewing industries.

Read the full article →

Opening Statement By William Lilley III At The Conucil’s Public Symposium on Wage Differentials

by William Lilley June 2, 1976 COWPS (inflation matters)

“Good morning. I would like to welcome all of you to this symposium on relative wage differentials among various groups in the labor force. The Council on Wage and Price Stability has statutory responsibility for monitoring and analyzing inflationary activities throughout the various sectors of the economy. The Council on Wage and Price Stability Act […]

Read the full article →

Council to Study Public Sector Wage Data Needs

by Council on Wage and Price Stability March 31, 1976 COWPS (inflation matters)

The Council on Wage and Price Stability announced today a study of data needs in the area of state and local government employee compensation. A preliminary search for data on public sector wages and benefits revealed that the Federal Government’s statistics-gathering activities have not kept pace with the growth of state and local government which […]

Read the full article →

Statement by Michael H. Moskow Before the Senate Budget Committee

by Michael H. Moscow February 26, 1976 COWPS (inflation matters)

Traditionally inflation has been viewed as a problem that occurs in the advanced stage of an economic expansion. This belief sprang from a notion that the primary cause of inflation was excessive demands for goods and services relative to the existing productive capacity of the economy. In other words. inflation was a reflection of labor […]

Read the full article →

Testimony of James C Miller Before the Subcommittee on Transportation and Commerce: House Interstate and Foreign Commerce Committee

by James C. Miller February 4, 1976 COWPS (inflation matters)

Mr. Chairman, members of the Committee: It is both an honor and a pleasure to be invited to appear before you today. As you know, the Council on Wage and Price Stability was established in August of 1974 to monitor wages and prices and, among other things, to review and appraise the inflationary impacts of […]

Read the full article →

Council on Wage and Price Stability: Final Rulemaking- Inflationary Activities in Public and Private Sectors

by Michael H. Moscow December 23, 1975 COWPS (inflation matters)

Attached is a copy of the Council’s final rulemaking regarding the procedures for issuance of subpoenas and of orders requiring periodic reports.  The regulations also set for the procedures for requesting data from other government agencies and for confidential treatment of data submitted to the Council… On October 10, 1975, the Council on Wage and Price […]

Read the full article →

Remarks By Michael H. Moskow Before the National Economists Club: Forum on Outlook For 1976

by Michael H. Moscow December 17, 1975 COWPS (inflation matters)

In 1973, the Council on Wage and Price Stability returned to the American taxpayer benefits exactly equal to its costs. I suspect that we are one of the few government agencies that can make this statement categorically. While that record may not be anything to boast about, it should give us pause. Because in 1973, the Council on Wage and […]

Read the full article →

Testimony of James C. Miller III Acting Assistant Director Council on Wage and Price Stability Before the Subcommittee on Antitrust aand Monopoly Senate Committee on the Judiciary

by James C. Miller December 11, 1975 COWPS (inflation matters)

Mr. Chairman, Members of the Committee: it was an honor to be invited and is a pleasure to appear before you today to present the views of the Council on Wage and Price Stability on 5.2028, the “Competitive Improvements Act of 1975.” As you know, the Council has been concerned with the competitive effects of regulatory actions of both independent […]

Read the full article →

Council on Wage and Price Stability Supports Objective of Competitive Improvements Act

by Council on Wage and Price Stability December 11, 1975 COWPS (inflation matters)

In testimony before the Senate’s Subcommittee on Antitrust and Monopoly of the Committee of the Judiciary, James C. Miller III, the Council’s Acting Assistant Director for Government Operations and Research, commended the objectives of S. 2028, “The Competitive Improvements Act of 1975,” to require government agencies to emphasize the beneficial effects of competition in their decisionmaking. Miller said, “it is […]

Read the full article →

Government Regulation of Milk Markets: Discussion Paper

by Thomas M. Lenard December 3, 1975 COWPS (inflation matters)

Attached is a discussion paper which analyzes the literature concerning Federal regulation of milk markets.  The paper… is part of a preliminary inquiry which the Council is making into the benefits and costs of Federal regulations affecting the dairy industry.

Read the full article →

Council on Wage and Price Stability Requests Cost and Market Information for Zerex Antifreze

by Council on Wage and Price Stability November 26, 1975 COWPS (inflation matters)

Michael H. Moskow, Director of the Council on Wage and Price Stability, said today that the Council “was concerned that Pittsburgh Plate Glass Industries’ increase in the wholesale price of Zerex antifreeze by 62 cents, or 19.7 percent, to $3.76 may be too high.” We are therefore requesting cost and market condition information from PPG regarding this price action […]

Read the full article →

Council on Wage and Price Stability Requests Cost and Market Information for Dowgard Antifreeze

by Council on Wage and Price Stability November 21, 1975 COWPS (inflation matters)

Michael H. Moskow, Director of the Council on Wage and Price Stability, said today that the Council “was concerned that Dow Chemical Corporation’s increase in the wholesale price of Dowgard antifreeze by 60 cents, or 19.2 percent, to $3.72 may be too high. We are therefore requesting cost and market condition information from Dow regarding […]

Read the full article →

Council Criticism of Amtrak’s Proposed Criteria For Deciding Passenger Routes

by Council on Wage and Price Stability November 21, 1975 COWPS (inflation matters)

The Council on Wage and Price Stability today criticized AMTRAK’s proposed criteria for deciding which passenger routes it should subsidize and which ones it should discontinue. The Council said that if the criteria were to be put into effect as proposed, they could very well work to increase the costs of passenger transportation– which would […]

Read the full article →

Remarks of James C. Miller III Before the National Economists Club: Government Economic and Social Regulation: What is It, What Can Be Done and What Are We Doing About It?

by James C. Miller November 20, 1975 Council on Wage and Price Stability

“Thank you. I am pleased and privileged to address such a distinguished and prestigious group. In these remarks, I would like to place in perspective the case that can be made for regulatory reform, and here I will distinguish between the conventional “economic” regulatory agencies and what the President calls “social” regulation — that is, regulation affecting health and safety. Next, I […]

Read the full article →

Council Says Prestone Antifreeze Price Increase Not Fully Warranted

by Council on Wage and Price Stability November 4, 1975 COWPS (inflation matters)

The wholesale price increase of 21 percent, or 67 cents to $3.88 per gallon, announced by Union Carbide on September 24 to be effective November 1 for Prestone antifreeze is “not fully warranted at this time,” Michael H. Moscow, Director of the Council on Wage and Price Stability,- said today. “Wholesale price increases in October 1974 and January–1975 totaled 25.9 percent. […]

Read the full article →

Council Reduces Monitoring of Zinc Prices

by Council on Wage and Price Stability November 4, 1975 COWPS (inflation matters)

Michael H. Moskow, Director of the Council on Wage and Price Stability, announced today that, as a result of recent events in the zinc market, the Council is no longer intensively monitoring zinc prices. On October 8, the Council had announced that it was intensifying its monitoring of zinc prices as a result of a […]

Read the full article →

Remarks By Michael H. Moskow Before the National Association of Manufacturers: Industrial Relations Council

by Michael H. Moscow October 31, 1975 Council on Wage and Price Stability

Let me begin with our origins. The Council on Wage and Price Stability was set up in August 1974 at the request of President Ford. You will recall that at that time the Cost of Living Council had been out of business for 4 months and with it the system of wage and price controls that had been in force […]

Read the full article →

Council Studies Economic Effects on Programs Dealing with Marketing of Dairy Products

by Michael H. Moscow October 9, 1975 COWPS (inflation matters)

Michael H. Moskow, Director of the Council on Wage and Price Stability, announced today that the Council staff will undertake a study of the economic effects of a variety of existing government regulations and practices dealing with the marketing of dairy products. As part of this project, the staff has commissioned a study to be […]

Read the full article →

Council on Wage and Price Stability Takes Action on Anti- Freeze and Zinc Prices

by Michael H. Moscow October 8, 1975 COWPS (inflation matters)

Michael H. Moskow, Director of COWPS, announced today that he has written to the Union Carbide Corporation regarding its decision to increase the price of Prestone anti-freeze on November 1. It has been reported that the price increase is 67 cents per gallon or 22%. This price increase appears to be a response to anticipated cost increases over the next few […]

Read the full article →