.2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 …

, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels … data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be …

inflation. Section C studies the spillover effects of bond purchases on both advanced and emerging market economies, using very … inflation might decrease the debt burden in advanced economies, in light of possible pressures that could fall (or be perceived …