01730cas a2200241 a 4500 AALejournalIMF007469 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843231 1018-5941 BD-DhAAL BD-DhAAL Jadresic, Esteban. The Macroeconomic Consequences of Wage Indexation Revisited / Esteban Jadresic. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under money- and exchange-rate-based stabilization, the variability of output under alternative shocks and policy regimes, the choice of exchange rate regime, and the level and variability of inflation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/015/001.1998.issue-015-en.xml IMF e-Library