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Wage Indexes and Price Indexes
Journal of the American Statistical Association, 1924openaire +1 more source
Discretionary Monetary Policy and Socially Efficient Wage Indexation
Quarterly Journal of Economics, 1992Christopher J Waller
exaly
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
Ambiguity aversion and the absence of wage indexation
Journal of Monetary Economics, 2004Sujoy Mukerji, Jean-Marc Tallon
exaly

