The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs /
A standard open-economy model is used to show that price stabilization programs are more likely to succeed if labor contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages based on static expectations, such contracts will result...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 1997/038 |
| Mynediad Ar-lein: | Full text available on IMF |