The macroeconomic conseguences of wage indexation revisited

The macroeconomic conseguences of wage indexation revisited

Since the mid-1970s, the macroeconomic consequences of wage indexation has been the subject of considerable research. Starting with an enthusiastic proposal for indexation by Friedman (1974) and two influential papers by Gray (1976) and Fischer (1977), the academic literature has examined the effect...

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Autor principal: Jadresic, Esteban
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
INFLACIÓN
TIPO DE CAMBIO
POLÍTICA MONETARIA
SALARIOS
MACROECONOMÍA
Acceso en línea:https://hdl.handle.net/20.500.12580/3633
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spelling oai-20.500.12580-36332021-04-24T10:56:08Z The macroeconomic conseguences of wage indexation revisited Jadresic, Esteban INFLACIÓN TIPO DE CAMBIO POLÍTICA MONETARIA SALARIOS MACROECONOMÍA Since the mid-1970s, the macroeconomic consequences of wage indexation has been the subject of considerable research. Starting with an enthusiastic proposal for indexation by Friedman (1974) and two influential papers by Gray (1976) and Fischer (1977), the academic literature has examined the effects of wage indexation on the costs of disinflation and the level of inflation, the effects of wage indexation on the behavior of an economy hit by alternative types of shocks, the relation between wage indexation and exchange rate and monetary policy, the type of indexation indicators that are best suited for macroeconomic stability, and so on. The sizable literature that has emerged on the subject is reviewed by Carmichael, Fahrer, and Hawkins (1986), Aizenman (1987), Devereux (1994), Van Gompel (1994), Riveros (1996), and Landerretche, Lefort, and Valdés (in this volume). 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-110 https://hdl.handle.net/20.500.12580/3633 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. 207-257 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
TIPO DE CAMBIO
POLÍTICA MONETARIA
SALARIOS
MACROECONOMÍA
spellingShingle INFLACIÓN
TIPO DE CAMBIO
POLÍTICA MONETARIA
SALARIOS
MACROECONOMÍA
Jadresic, Esteban
The macroeconomic conseguences of wage indexation revisited
description Since the mid-1970s, the macroeconomic consequences of wage indexation has been the subject of considerable research. Starting with an enthusiastic proposal for indexation by Friedman (1974) and two influential papers by Gray (1976) and Fischer (1977), the academic literature has examined the effects of wage indexation on the costs of disinflation and the level of inflation, the effects of wage indexation on the behavior of an economy hit by alternative types of shocks, the relation between wage indexation and exchange rate and monetary policy, the type of indexation indicators that are best suited for macroeconomic stability, and so on. The sizable literature that has emerged on the subject is reviewed by Carmichael, Fahrer, and Hawkins (1986), Aizenman (1987), Devereux (1994), Van Gompel (1994), Riveros (1996), and Landerretche, Lefort, and Valdés (in this volume).
format Artículo
author Jadresic, Esteban
author_facet Jadresic, Esteban
author_sort Jadresic, Esteban
title The macroeconomic conseguences of wage indexation revisited
title_short The macroeconomic conseguences of wage indexation revisited
title_full The macroeconomic conseguences of wage indexation revisited
title_fullStr The macroeconomic conseguences of wage indexation revisited
title_full_unstemmed The macroeconomic conseguences of wage indexation revisited
title_sort macroeconomic conseguences of wage indexation revisited
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3633
work_keys_str_mv AT jadresicesteban themacroeconomicconseguencesofwageindexationrevisited
AT jadresicesteban macroeconomicconseguencesofwageindexationrevisited
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