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...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 1996/121 |
| Առցանց հասանելիություն: | Full text available on IMF |