Publication
A note on the welfare consequences of wage indexing in a stochastic economy
| dc.contributor.author | Méon, Pierre-Guillaume | |
| dc.date.accessioned | 2018-05-28T10:19:00Z | |
| dc.date.available | 2018-05-28T10:19:00Z | |
| dc.date.issued | 2004-12 | |
| dc.description.abstract | This note surveys the welfare and real consequences of wage indexing in a stochastic economy whose monetary authority lacks credibility. It shows in a unified framework that those consequences might differ markedly depending on the nature and timing of the dominant disturbance in that economy. It finally provides a closed-form expression of the optimal level of wage indexing when all the shocks are taken into account. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Méon, Pierre-Guillaume (2004). "A note on the welfare consequences of wage indexing in a stochastic economy". Portuguese Economic Journal, 3(3):179-187 | pt_PT |
| dc.identifier.doi | 10.1007/s10258-004-0028-9 | pt_PT |
| dc.identifier.issn | 1617-982X (print) | |
| dc.identifier.issn | 1617-9838 (online) | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/15503 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.publisher | Springer Verlag | pt_PT |
| dc.subject | Monetary policy | pt_PT |
| dc.subject | Credibility | pt_PT |
| dc.subject | Wage indexation | pt_PT |
| dc.title | A note on the welfare consequences of wage indexing in a stochastic economy | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.conferencePlace | Lisboa | pt_PT |
| oaire.citation.endPage | 187 | pt_PT |
| oaire.citation.issue | 3 | pt_PT |
| oaire.citation.startPage | 179 | pt_PT |
| oaire.citation.title | Portuguese Economic Journal | pt_PT |
| oaire.citation.volume | 3 | pt_PT |
| rcaap.rights | closedAccess | pt_PT |
| rcaap.type | article | pt_PT |