Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department, issuing body.
|
|---|
| ISBN: | 1283562081
9781283562089
1451899483
9781451899481
9781451941036
145194103X
1462385230
9781462385232
1452705836
9781452705835
9786613874535
6613874531
|
|---|
| ISSN: | 2227-8885
|
|---|
| Notes: | Includes bibliographical references (pages 32-35).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | Annotation This paper reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. the main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous academic literature. This result implies that the academic view that wage indexation makes a flexible exchange rate generally preferable is unwarranted and suggests that the choice of exchange rate regime with and without wage indexation depends on similar factors. the analysis also reveals that the net effects of wage indexation on macroeconomic stability are ambiguous.
|
|---|
| Other form: | Print version: Jadresić, Esteban. Macroeconomic performance under alternative exchange rate regimes. [Washington, D.C.] : International Monetary Fund, Research Department, ©1998
|
|---|
| Standard no.: | 10.5089/9781451899481.001
|
|---|
