Causes and consequences of indexation: a review of the literature

Automatic price adjustment mechanisms, or indexation, have arisen in a variety of economies with distinct macroeconomic environments and in different moments in time. Examples include the labor market indexation implemented in various European countries in the postwar era, the indexation of financia...

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Autores principales:	Landerretche M., Óscar, Lefort, Fernando, Valdés, Rodrigo
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	PRECIOS MERCADO FINANCIERO
Acceso en línea:	https://hdl.handle.net/20.500.12580/3627
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spelling	oai-20.500.12580-36272021-04-24T10:55:34Z Causes and consequences of indexation: a review of the literature Landerretche M., Óscar Lefort, Fernando Valdés, Rodrigo PRECIOS MERCADO FINANCIERO Automatic price adjustment mechanisms, or indexation, have arisen in a variety of economies with distinct macroeconomic environments and in different moments in time. Examples include the labor market indexation implemented in various European countries in the postwar era, the indexation of financial instruments that served to develop a Seriesof depressed Latin American financial markets in the 1960s and 1970s, and the exchange rate parity indexation recommended in the 1990s as a way of stimulating export-based growth. In the presence of inflation, most economies feature some type of indexation of contratcts. These practices sometines arise spontaneously in the market and sometimes are prometed by the authority itself, either via norms or, more directly, via the choice of exchange rate regime or an issue of indexed public debt. 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-110 https://hdl.handle.net/20.500.12580/3627 eng Serieson Central Banking, Analysis, and Economic Policies, no. 2 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 19-64 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	PRECIOS MERCADO FINANCIERO
spellingShingle	PRECIOS MERCADO FINANCIERO Landerretche M., Óscar Lefort, Fernando Valdés, Rodrigo Causes and consequences of indexation: a review of the literature
description	Automatic price adjustment mechanisms, or indexation, have arisen in a variety of economies with distinct macroeconomic environments and in different moments in time. Examples include the labor market indexation implemented in various European countries in the postwar era, the indexation of financial instruments that served to develop a Seriesof depressed Latin American financial markets in the 1960s and 1970s, and the exchange rate parity indexation recommended in the 1990s as a way of stimulating export-based growth. In the presence of inflation, most economies feature some type of indexation of contratcts. These practices sometines arise spontaneously in the market and sometimes are prometed by the authority itself, either via norms or, more directly, via the choice of exchange rate regime or an issue of indexed public debt.
format	Artículo
author	Landerretche M., Óscar Lefort, Fernando Valdés, Rodrigo
author_facet	Landerretche M., Óscar Lefort, Fernando Valdés, Rodrigo
author_sort	Landerretche M., Óscar
title	Causes and consequences of indexation: a review of the literature
title_short	Causes and consequences of indexation: a review of the literature
title_full	Causes and consequences of indexation: a review of the literature
title_fullStr	Causes and consequences of indexation: a review of the literature
title_full_unstemmed	Causes and consequences of indexation: a review of the literature
title_sort	causes and consequences of indexation: a review of the literature
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3627
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Causes and consequences of indexation: a review of the literature

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