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Wage and Public Debt Indexation

Wage and Public Debt Indexation »

Source: Wage and Public Debt Indexation

Volume/Issue: 1992/67

Series: IMF Working Papers

Author(s): Pablo Guidotti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451848847

Keywords: indexation, wage, wage indexation, wages, Wage and Public Debt Indexation,

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increa...

Luxembourg: Staff Report for the 2014 Article IV Consultation

Luxembourg: Staff Report for the 2014 Article IV Consultation »

Source: Luxembourg : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2014

ISBN: 9781475518528

Keywords: wage, benefits, wages, wage indexation

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial s...

Luxembourg: Staff Report for the 2014 Article IV Consultation—Informational Annex

Luxembourg: Staff Report for the 2014 Article IV Consultation—Informational Annex »

Source: Luxembourg : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2014

ISBN: 9781475518528

Keywords: wage, benefits, wages, wage indexation

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial s...

IMF Executive Board Concludes 2014 Article IV Consultation with Luxembourg

IMF Executive Board Concludes 2014 Article IV Consultation with Luxembourg »

Source: Luxembourg : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2014

ISBN: 9781475518528

Keywords: wage, benefits, wages, wage indexation

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial s...

Statement by Menno Snel, Executive Director for Luxembourg and Amela Hubic, Senior Advisor to the Executive Director, May 2, 2014

Statement by Menno Snel, Executive Director for Luxembourg and Amela Hubic, Senior Advisor to the Executive Director, May 2, 2014 »

Source: Luxembourg : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2014

ISBN: 9781475518528

Keywords: wage, benefits, wages, wage indexation

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial s...

The Macroeconomic Consequences of Wage Indexation Revisited

The Macroeconomic Consequences of Wage Indexation Revisited »

Source: The Macroeconomic Consequences of Wage Indexation Revisited

Volume/Issue: 1998/15

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1998

ISBN: 9781451843231

Keywords: Wages, indexation, macroeconomics, wage, wage indexation, inflation rate

Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts t...

Wage Indexation and Macroeconomic Stability

Wage Indexation and Macroeconomic Stability »

Source: Wage Indexation and Macroeconomic Stability : The Gray-Fischer Theorem Revisted

Volume/Issue: 1996/121

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451854336

Keywords: wage, inflation, wage indexation, wages, money supply

Since the seminal papers by Gray (1976) and Fischer (1977) were published, the major theorem of the wage indexation literature has been that indexing wages stabilizes output when shocks are nominal and destabilizes...

Wage Indexation and the Cost of Disinflation

Wage Indexation and the Cost of Disinflation »

Source: Wage Indexation and the Cost of Disinflation

Volume/Issue: 1996/48

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451846690

Keywords: wage, inflation, wages, wage indexation, money growth

While a standard academic presumption has been that wage indexation reduces the cost of disinflation, policymakers generally contend that wage indexing makes disinflation more difficult. To shed light on these view...

The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs

The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs »

Source: The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs

Volume/Issue: 1997/38

Series: IMF Working Papers

Author(s): Joe Crowley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

ISBN: 9781451845655

Keywords: inflation, wage, wage indexation, wages, real wages

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-loo...

From Centrally-Planned to Market Economies

From Centrally-Planned to Market Economies »

Source: From Centrally-Planned to Market Economies : The Road from CPE to PCPE

Volume/Issue: 1991/17

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Guillermo Calvo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1991

ISBN: 9781451843446

Keywords: exchange rate, wage, foreign exchange, wages, wage indexation

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the...