The Macroeconomic Consequences of Wage Indexation Revisited:
Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in pra...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/15 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under money- and exchange-rate-based stabilization, the variability of output under alternative shocks and policy regimes, the choice of exchange rate regime, and the level and variability of inflation |
Beschreibung: | 1 Online-Ressource (54 p) |
ISBN: | 1451843232 9781451843231 |
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spelling | Jadresic, Esteban Verfasser aut The Macroeconomic Consequences of Wage Indexation Revisited Jadresic, Esteban Washington, D.C International Monetary Fund 1998 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/15 Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under money- and exchange-rate-based stabilization, the variability of output under alternative shocks and policy regimes, the choice of exchange rate regime, and the level and variability of inflation Online-Ausg http://elibrary.imf.org/view/IMF001/07142-9781451843231/07142-9781451843231/07142-9781451843231.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Jadresic, Esteban The Macroeconomic Consequences of Wage Indexation Revisited |
title | The Macroeconomic Consequences of Wage Indexation Revisited |
title_auth | The Macroeconomic Consequences of Wage Indexation Revisited |
title_exact_search | The Macroeconomic Consequences of Wage Indexation Revisited |
title_exact_search_txtP | The Macroeconomic Consequences of Wage Indexation Revisited |
title_full | The Macroeconomic Consequences of Wage Indexation Revisited Jadresic, Esteban |
title_fullStr | The Macroeconomic Consequences of Wage Indexation Revisited Jadresic, Esteban |
title_full_unstemmed | The Macroeconomic Consequences of Wage Indexation Revisited Jadresic, Esteban |
title_short | The Macroeconomic Consequences of Wage Indexation Revisited |
title_sort | the macroeconomic consequences of wage indexation revisited |
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