Macroeconomic Performance Under Alternative Exchange Rate Regimes High quality books
Macroeconomic Performance Under Alternative Exchange Rate Regimes
By:Mr. Esteban Jadresic
Published on 1998-08-01 by International Monetary Fund
This paper reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. The main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous academic literature. This result implies that the academic view that wage indexation makes a flexible exchange rate generally preferable is unwarranted and suggests that the choice of exchange rate regime with and without wage indexation depends on similar factors. The analysis also reveals that the net effects of wage indexation on macroeconomic stability are ambiguous.
This Book was ranked at 33 by Google Books for keyword Nominal rigidity.
Book ID of Macroeconomic Performance Under Alternative Exchange Rate Regimes's Books is s9vsfQjw99YC, Book which was written byMr. Esteban Jadresichave ETAG "C2z3DWGLrtw"
Book which was published by International Monetary Fund since 1998-08-01 have ISBNs, ISBN 13 Code is 9781451899481 and ISBN 10 Code is 1451899483
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