Economics, Econometrics and Finance
4 years ago

Indexed wages reduce cost of disinflation, easing economic stabilization efforts.

RePEc: Research Papers in Economics
Wage Indexation and the Cost of Disinflation
Esteban Jadresic

Paper Summary

Wage indexation can affect the cost of reducing inflation. Indexed wages can make it easier to lower inflation compared to contracts with changing wages, but harder than contracts with fixed wages.

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