substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … indexation is less relevant to the inflation dynamics. Overall, inflation would have remained within the central bank's target …

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt …

determine the extent to which efficient arbitrage takes place under conditions of partial financial indexation. The data cannot …