On optimal wage indexation when shocks are real

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2 Scopus citations


This note studies the optimal degree of wage indexation in the presence of real shocks. Contrary to what is indicated in the literature, it is demonstrated that the optimal degree of indexation is not limited to (0;1) but may take any value in (-∞;∞).

Original languageEnglish
Pages (from-to)51-53
Number of pages3
JournalEconomics Letters
Issue number1
StatePublished - 1 Jan 1981
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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