Showing 1 - 10 of 3,615
It is an open question whether and how indexed wage contracts reduce welfare or raise average inflation. This paper analyzes the impact of indexed wage contracts on inflation and social welfare in a Barro Gordon model with discretionary monetary policy by endogenizing social costs of indexation....
Persistent link: https://www.econbiz.de/10011505896
; monetarism ; quantity theory …We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …
Persistent link: https://www.econbiz.de/10009508095
Persistent link: https://www.econbiz.de/10003712503
Persistent link: https://www.econbiz.de/10003712507
Persistent link: https://www.econbiz.de/10003712510
Persistent link: https://www.econbiz.de/10003712512
Persistent link: https://www.econbiz.de/10003712514
Persistent link: https://www.econbiz.de/10003712517
Persistent link: https://www.econbiz.de/10003712532
Persistent link: https://www.econbiz.de/10003712575