|
|
|
|
| LEADER |
02247nmm a2200505 u 4500 |
| 001 |
EB000929095 |
| 003 |
EBX01000000000000000722691 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
150128 ||| eng |
| 020 |
|
|
|a 9781451843231
|
| 100 |
1 |
|
|a Jadresic, Esteban
|
| 245 |
0 |
0 |
|a The Macroeconomic Consequences of Wage Indexation Revisited
|c Esteban Jadresic
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 1998
|
| 300 |
|
|
|a 54 pages
|
| 651 |
|
4 |
|a United States
|
| 653 |
|
|
|a Wages
|
| 653 |
|
|
|a Income economics
|
| 653 |
|
|
|a Labour
|
| 653 |
|
|
|a Wage indexation
|
| 653 |
|
|
|a Wage adjustments
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Wages, Compensation, and Labor Costs: Public Policy
|
| 653 |
|
|
|a Aggregate Human Capital
|
| 653 |
|
|
|a Cycles
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Employment
|
| 653 |
|
|
|a Labor
|
| 653 |
|
|
|a Aggregate Labor Productivity
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Monetary Policy
|
| 653 |
|
|
|a Business Fluctuations
|
| 653 |
|
|
|a Real wages
|
| 653 |
|
|
|a Intergenerational Income Distribution
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Wages, Compensation, and Labor Costs: General
|
| 653 |
|
|
|a Unemployment
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781451843231.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1998/015/001.1998.issue-015-en.xml?cid=2506-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a 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
|