Wage Indexation and Macroeconomic Stability : The Gray-Fischer Theorem Revisted /
Since the seminal papers by Gray (1976) and Fischer (1977) were published, the major theorem of the wage indexation literature has been that indexing wages stabilizes output when shocks are nominal and destabilizes output when shocks are real. This paper reexamines the validity of this proposition t...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 1996/121 |
| Διαθέσιμο Online: | Full text available on IMF |