Partial wage indexation with real shocks

Research output: Contribution to journalArticlepeer-review

Abstract

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
Volume9
Issue number4
DOIs
StatePublished - 1 Jan 1982
Externally publishedYes

Fingerprint

Dive into the research topics of 'Partial wage indexation with real shocks'. Together they form a unique fingerprint.

Cite this