Partial wage indexation with real shocks

Research output: Contribution to journalArticlepeer-review


This note analyzes wage indexation from a macroeconomic viewpoint. Its purpose is to examine when wage indexation should be partial in the presence of real shocks, and it shows how the conditions for this to be the case depend on the aggregate production function, the income velocity of money, and the labor supply.

Original languageEnglish
Pages (from-to)383-388
Number of pages6
JournalEconomics Letters
Issue number4
StatePublished - 1 Jan 1982
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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