The Resource The effects of forward- versus backward-looking wage indexation on price stabilization programs, prepared by Joe Crowley

The effects of forward- versus backward-looking wage indexation on price stabilization programs, prepared by Joe Crowley

Label
The effects of forward- versus backward-looking wage indexation on price stabilization programs
Title
The effects of forward- versus backward-looking wage indexation on price stabilization programs
Statement of responsibility
prepared by Joe Crowley
Creator
Contributor
Subject
Language
eng
Summary
Annotation
Member of
Action
digitized
Cataloging source
OCLCE
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.97/38
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/97/38
Summary expansion
A standard open-economy model is used to show that price stabilization programs are more likely to succeed if labor contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs, smaller misalignment of real wages, smaller outflows of reserves, smaller disruptions caused by policy announcements, and a reduced impact of some shocks during price stabilization programs. These results are generally true whether or not capital is mobile and whether or not expectations are rational
Label
The effects of forward- versus backward-looking wage indexation on price stabilization programs, prepared by Joe Crowley
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 33-34)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn648380464
Dimensions
unknown
Extent
1 online resource (34 pages)
File format
one file format
Form of item
online
Isbn
9781451893052
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37188689
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)648380464
  • imf1281607673
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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