UNEMPLOYMENT, WAGE INDEXATION AND COMMERCIAL POLICIES

被引:1
作者
CHAO, CC [1 ]
CONLON, JR [1 ]
机构
[1] UNIV MISSISSIPPI, UNIVERSITY, MS 38677 USA
关键词
D O I
10.1016/0164-0704(93)90059-U
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper shows the effects of wage indexation schemes in the presence of relative Price variations. In particular, it is shown that indexation schemes which seem reasonable can nevertheless leave the level of employment vulnerable to terms of trade shocks. The indexation scheme which isolates the employment level from the effects of price variations is derived, and the effects of commercial policies in the presence of indexation are examined.
引用
收藏
页码:165 / 174
页数:10
相关论文
共 9 条