| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967174 | Journal of Monetary Economics | 2012 | 15 Pages |
Abstract
⺠There has been considerable time variation in wage dynamics. ⺠The degree of wage indexation was much higher during the Great Inflation period. ⺠Wage-price spirals amplified the effects of inflationary shocks during the 1970s. ⺠The degree of wage indexation is not structural.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Boris Hofmann, Gert Peersman, Roland Straub,