Word: sheahan
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Dates: during 1970-1979
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Other economists, however, believe guidelines can work. Using econometric models of the 1960s, Williams College Economist John Sheahan concluded that "there was a convincing case that wage behavior in manufacturing became more restrained in the four years [after the establishment of the guideposts] than in the preceding decade." He drew upon independent studies by Harvard's Otto Eckstein and the Brookings Institution's George Perry...