It takes the average reader and 56 minutes to read The Macroeconomic Consequences of Wage Indexation Revisited by Mr.Esteban Jadresic
Assuming a reading speed of 250 words per minute. Learn more
Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under money- and exchange-rate-based stabilization, the variability of output under alternative shocks and policy regimes, the choice of exchange rate regime, and the level and variability of inflation.
The Macroeconomic Consequences of Wage Indexation Revisited by Mr.Esteban Jadresic is 55 pages long, and a total of 14,025 words.
This makes it 19% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 16 minutes to read The Macroeconomic Consequences of Wage Indexation Revisited aloud.
The Macroeconomic Consequences of Wage Indexation Revisited is suitable for students ages 8 and up.
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