Wage Indexation and the Cost of Disinflation /
While a standard academic presumption has been that wage indexation reduces the cost of disinflation, policymakers generally contend that wage indexing makes disinflation more difficult. To shed light on these views, this paper reexamines the effects of wage indexing on the output loss caused by mon...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1996/048 |
| On-line přístup: | Full text available on IMF |