Journal Article
Credit controls: 1980
Schreft, Stacey L. (1990-11)
Experience suggests that in times of rising inflation and interest rates, political support emerges for the use of credit controls. In the U.S., such controls were last used in 1980. This article examines the 1980 controls and argues that the program had unintended and unforeseen effects that contributed to the severity of the 1980 recession.
Economic Review , Volume 76 , Issue Nov , Pages 25-55