Real Wages and the Terms of Trade: Alternative Indexation Rules for an Open Economy
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This paper examines the desirability of wage indexation in an open economy subject to economic disturbances which change the terms of trade and raise the prices of imported goods. Two indexation rules are considered, the traditional form of indexation to the consumer price index and indexation to
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美国国家经济研究局创建时间：
1982-12-01
