Imported Materials Prices, Wage Policy, and Macroeconomic Stabilization
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This paper analyzes two simple wage rules that keep employment constant when there are shocks to the prices of imported materials. One rule ties nominal wages to the GNP deflator rather than the consumer price index. The second rule, followed by Japan after the second oil price shock, ties the real
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美国国家经济研究局创建时间：
1983-12-01
