Le, Vo Phuong Mai (contributor); … - 2007
Calvo Contracts: Optimal Indexation in General Equilibrium
E2007/8
CARDIFF BUSINESS SCHOOL
WORKING PAPER SERIES
This … INDEXATION IN
GENERAL EQUILIBRIUM
Vo Phuong Mai Leay, Patrick Minfordb
aCardi�University, bCardi�University and CEPR
October 27 … indexation to general in�ation. We argue that the indexing formula should be expected
in�ation rather than lagged in�ation. This …