No. 48 - Wage indexation income and inflation

Temi di discussione (Working papers)
by Luigi Guiso
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The paper deals with wage indexation and output and price stability in a closed economy. It addresses the issue of the joint determination of the optimal degree and frequency of wage indexation in situations where there are costs involved in the management of the indexation mechanism. Some recent proposals for reforming the actual Italian indexation system are also examined.

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  1. 30 June 1985
    No. 48 - Wage indexation income and inflation
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