Verfügbarkeit: Macroeconomic Performance Under Alternative Exchange Rate Regimes

Macroeconomic Performance Under Alternative Exchange Rate Regimes: Does Wage Indexation Matter?

This paper reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. The main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous ac...

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1. Verfasser:	Jadresic, Esteban (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1998
Schriftenreihe:	IMF Working Papers Working Paper No. 98/118
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 reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. The main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous academic literature. This result implies that the academic view that wage indexation makes a flexible exchange rate generally preferable is unwarranted and suggests that the choice of exchange rate regime with and without wage indexation depends on similar factors. The analysis also reveals that the net effects of wage indexation on macroeconomic stability are ambiguous
Beschreibung:	1 Online-Ressource (35 p)
ISBN:	145194103X 9781451941036

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spelling	Jadresic, Esteban Verfasser aut Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter? Jadresic, Esteban Washington, D.C International Monetary Fund 1998 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/118 This paper reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. The main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous academic literature. This result implies that the academic view that wage indexation makes a flexible exchange rate generally preferable is unwarranted and suggests that the choice of exchange rate regime with and without wage indexation depends on similar factors. The analysis also reveals that the net effects of wage indexation on macroeconomic stability are ambiguous Online-Ausg http://elibrary.imf.org/view/IMF001/04398-9781451941036/04398-9781451941036/04398-9781451941036.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Jadresic, Esteban Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter?
title	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter?
title_auth	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter?
title_exact_search	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter?
title_exact_search_txtP	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter?
title_full	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter? Jadresic, Esteban
title_fullStr	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter? Jadresic, Esteban
title_full_unstemmed	Macroeconomic Performance Under Alternative Exchange Rate Regimes Does Wage Indexation Matter? Jadresic, Esteban
title_short	Macroeconomic Performance Under Alternative Exchange Rate Regimes
title_sort	macroeconomic performance under alternative exchange rate regimes does wage indexation matter
title_sub	Does Wage Indexation Matter?
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