We investigate numerically how indexation of funded pensions for inflation can be differentiated across the various … benefitting from a shift away from uniform indexation. Those welfare shifts result from systematic redistribution of welfare …

that prevailed in Argentina from 1988 to 2003, we jointly estimate the effects that changes in these public revenues had on …

Based on the fiscal regime that prevailed in Argentina from 1988 to 2003, we estimate the effects that changes in …

indexation scheme involves a choice between a low initial benefit with an increasing profile and a high initial benefit with a … indexation affects the trade-off between insurance and distribution when groups with different mortality are separated or pooled …

as exceptionally low inflation and substantial fluctuations in nominal and real uncertainty, is used to study the … 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 …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …

is shown that the firm's optimal adjustment strategy may involve stockouts. At low inflation rates, output is inversely … related to the inflation rate, and the length of time demand is satisfied increases with the demand elasticity but decreases …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have … happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …