Wage Indexation and Time-Consistent Monetary Policy
收藏NBER1989-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2948
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资源简介：
This paper investigates the effects of wage indexation on the time-consistent level of inflation. Departing from previous work on time-consistent policy, we study a structural model of the economy. Indexation reduces the cost of inflation, which is inflationary, and steepens the Phillips curve,
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美国国家经济研究局创建时间：
1989-04-01
