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Wage indexing and inflation in Italy
PSL Quarterly Review, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
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Indexation of pension payments: Finding a balance between inflation and wage changes in the economy
Финансы: теория и практика, 2022 The objective of the study is to analyze the effectiveness of the principles of regular indexation of insurance pensions practiced in the Russian pension system, as well as their compliance with the existing similar practice in other countries with ...
A. L. Safonov, K. V. Ugodnikov
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Wage indexation and the monetary policy regime [PDF]
Journal of Macroeconomics, 2014 Abstract We estimate a New Keynesian wage Phillips curve for a panel of 24 OECD countries and allow the degree of wage indexation to past inflation to vary according to structural characteristics. We find that the degree of wage indexation is significantly lower for countries with an inflation target. However, this effect vanishes when we control for
Selien De Schryder +2 more
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Ambiguity aversion and the absence of wage indexation [PDF]
Journal of Monetary Economics, 2004 This paper analyzes optimal wage contracting assuming agents are not subjective expectedutility maximizers but are, instead, ambiguity (or uncertainty) averse decision makers whomaximize Choquet expected utility. We show that such agents will choose not to include anyindexation coverage in their wage contracts even when inflation is uncertain, unless ...
Tallon, Jean-Marc, Mukerji, Sujoy
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Salario protetto dal meccanismo di scala mobile a "punto pieno". Una postilla.
Moneta e Credito, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
doaj +1 more source
Indicizzazione dei salari e inflazione in Italia.
Moneta e Credito, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
doaj +1 more source
Moneta e Credito, 2014 In a recent article, F. Modigliani and T. Padoa-Schioppa argued that indexing at 100% with frequent wage adjustments rises the general rate of inflation associated with a given gap between the price level desired by businesses and that compatible with ...
G. VITALETTI
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Moneta e Credito, 2014 In his latest work on indexing of wages L. Spaventa critically reviewed various contributions with the aim of both reiterating some of his previous conclusions and extending the analysis.
R. FILOSA, I. VISCO
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Endogenous wage indexation and aggregate shocks [PDF]
Journal of Macroeconomics, 2014 Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past inflation, a finding that is at odds with the assumption of constant indexation parameters in most New-Keynesian DSGE models. We build a DSGE model with endogenous wage indexation in which utility maximizing workers select a wage indexation ...
Julio A. Carrillo +2 more
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Nominal Wage Flexibility, Wage Indexation and Monetary Union [PDF]
The Economic Journal, 2002 Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than non-membership. This counteracts the stabilisation policy cost of giving up monetary independence. But more wage flexibility is only an imperfect substitute for an individual monetary policy.
Calmfors, Lars, Johansson, Åsa
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