determinants of key provisions of contracts such as their duration and indexation clauses. Econometric techniques, which account … for the interaction between duration and indexation, as well as the latent nature of the elasticity of indexation are used …

monetary policy by endogenizing social costs of indexation. Main results are: Wage indexation reduces the inflation bias but … case of decentralized wage bargaining, a prohibition of wage indexation may improve welfare …

through a generalization of the Calvo-type setting that allows the possibility of price indexation, i. e. prices may be … inflation on output is higher. In the extreme case without no price indexation at all (purely Calvo-type economy …

Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation … and shorter contract length than nonmembership. For example, entry into a monetary union may cause a move from a non-indexation … to an indexation equilibrium. But more wage flexibility is only an imperfect substitute for an own monetary policy. It is …

to justify indexation …

experience with such units in Chile is discussed. It is argued" that important practical problems in implementing indexation were …

some form of indexation mechanism which affects wages. Cluster analysis identifies three country groupings of wage …