Results 211 to 220 of about 281 (238)
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Wage Indexation and Time Consistency.
Journal of Money, Credit and Banking, 1994This note presents a simple model where the decision on the degree of wage indexation is taken by a 'large' agent, such as the government. The optimal degree of indexing is shown to depend on the variance of real shocks and on the 'inflations bias' of the government, due to the incentive to raise employment above the market-clearing level.
openaire
Discretionary Monetary Policy and Socially Efficient Wage Indexation
Quarterly Journal of Economics, 1992Christopher Waller, Vanhoose David D
exaly
The effects of wage indexation on macroeconomic fluctuations
Journal of Monetary Economics, 1980Alex Cukierman
exaly