Wage and Public Debt Indexation:
This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage indexation by increasing the portion of the public debt that...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 92/67 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt indexation on the degree of wage indexation is ambiguous. In equilibrium, depending on the sources of shocks to the economy, the degree of wage indexation may be positively or negatively related to that of debt indexation. This relationship is analyzed both in situations where the policymakers are able to precommit policies and in those where precommitment is not possible |
| Beschreibung: | 1 Online-Ressource (34 p) |
| ISBN: | 1451848846 9781451848847 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:19Z |
| indexdate | 2024-07-10T09:35:27Z |
| institution | BVB |
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| spelling | Guidotti, Pablo Emilio Verfasser aut Wage and Public Debt Indexation Guidotti, Pablo Emilio Washington, D.C International Monetary Fund 1992 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/67 This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt indexation on the degree of wage indexation is ambiguous. In equilibrium, depending on the sources of shocks to the economy, the degree of wage indexation may be positively or negatively related to that of debt indexation. This relationship is analyzed both in situations where the policymakers are able to precommit policies and in those where precommitment is not possible Online-Ausg http://elibrary.imf.org/view/IMF001/07839-9781451848847/07839-9781451848847/07839-9781451848847.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Guidotti, Pablo Emilio Wage and Public Debt Indexation |
| title | Wage and Public Debt Indexation |
| title_auth | Wage and Public Debt Indexation |
| title_exact_search | Wage and Public Debt Indexation |
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| title_full | Wage and Public Debt Indexation Guidotti, Pablo Emilio |
| title_fullStr | Wage and Public Debt Indexation Guidotti, Pablo Emilio |
| title_full_unstemmed | Wage and Public Debt Indexation Guidotti, Pablo Emilio |
| title_short | Wage and Public Debt Indexation |
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