Implications of economic interdependence for endogenous wage indexation decisions

Scandinavian Journal of Economics

Volumn 100, Issue 4, 1998, Pages 693-710

  Bryson, Jay H ^a   Chen, Chih Huan ^b   VanHoose, David D ^c  

^a First Union Capital Markets   (United States)

^b FENG CHIA UNIVERSITY   (Taiwan)

^c UNIVERSITY OF ALABAMA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032343294     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9442.00131     Document Type: Article

References (36)

1. Abramowicz, M. and Woglom, G.: Central bank independence and output stabilization: Evidence from structural vector autoregressions. Unpublished manuscript, Amherst College, 1995.
2. Aizenman, J.: Wage flexibility and openness. Quarterly Journal of Economics 100(2), 539-550, 1985.
3. Aizenman, J. and Frenkel, J.: Optimal wage indexation, foreign exchange intervention, and monetary policy. American Economic Review 75(3), 402-423, 1985.
4. Akhand, Hafiz: Policy credibility and inflation in a wage-setting game. Canadian Economic Journal 25(2), 407-419, 1992.
5. Ball, L.: Is equilibrium indexation efficient? Quarterly Journal of Economics 103(2), 299-311, 1988.
6. Ball, L. and Cecchetti, S.: Wage indexation and discretionary monetary policy. American Economic Review 81(5), 1310-1319, 1991.
7. Barro, R. J. and Gordon, D.: Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics 12(1), 101-121, 1983.
8. Bruno, M. and Sachs, J.: The Economics of Worldwide Stagflation. Basil Blackwell, Oxford, 1985.
9. Calmfors, L. and Driffill, J.: Bargaining structure, corporatism, and macroeconomic performance. Economic Policy 3(1), 14-61, 1988.
10. Canzoneri, M.: Monetary policy games and the role of private information. American Economic Review 75(5), 1056-1070, 1985.
11. Crosby, M.: Wage indexation and the time consistency of government policy. Scandinavian Journal of Economics 97(1), 105-121, 1995.
12. Cubitt, R.: Monetary policy games and private sector precommitment. Oxford Economic Papers 44(3), 513-530, 1992.
13. De Bruyne, G.: Wage indexation and the exchange rate regime: A strategic analysis. Journal of Macroeconomics 19(3), 571-589, 1997.
14. Devereux, M.: The effect of monetary variability on welfare in a simple macroeconomic model. Journal of Monetary Economics 19(3), 427-435, 1987.
15. Duca, J. and VanHoose, D.: Optimal wage indexation in a multisector economy. International Economic Review 32(4), 859-867, 1991.
16. Duca, J. and VanHoose, D.: The rise of goods-market competition and the decline in wage indexation: A macroeconomic approach. Journal of Macroeconomics 20(3), 579-598, 1998.
17. Fethke, G. and Jackman, R.: Optimal monetary policy, endogenous supply, and rational expectations. Journal of Monetary Economics 13(2), 211-224, 1984.
18. Fischer, S.: Long-term contracts, rational expectations, and the optimal money supply rule. Journal of Political Economy 85(1), 191-205, 1977.
19. Flood, R. P. and Marion, N. P.: The transmission of disturbances under alternative exchange-rate regimes with optimal indexation. Quarterly Journal of Economics 97(1), 43-66, 1982.
20. Gray, J. A.: Wage indexation: A macroeconomic approach. Journal of Monetary Economics 2(2), 221-235, 1976.
21. Gray, J. A. and Spencer, D.: Price prediction errors and real activity: A reassessment. Economic Inquiry 28(4), 658-681, 1990.
22. Gray, J. A., Kandil, M. and Spencer, D.: Does contractual wage rigidity play a role in determining real activity? Southern Economic Journal 58(4), 1042-1057, 1992.
23. Hardouvelis, G.: Optimal wage indexation and monetary policy in an economy with imported raw materials. Journal of International Money and Finance 6(4), 419-432, 1987.
24. Hardouvellis, G.: Monetary policy games, inflationary bias, and openness. Journal of Economic Dynamics and Control 16(1), 147-164, 1992.
25. Holland, A. S.: Wage indexation and the effect of inflation uncertainty on employment: An empirical analysis. American Economic Review 76(1), 235-244, 1986.
26. Holland, A. S.: Inflation and wage indexation in the postwar United States. Review of Economics and Statistics 77(1), 172-176, 1995.
27. Jensen, H.: International monetary policy cooperation in economies with centralized wage setting. Open Economies Review 4(3), 269-285, 1993.
28. Marston, R.: Wages, relative prices, and the choice between fixed and flexible exchange rates. Canadian Economic Journal 15(1), 87-103, 1982.
29. Milesi-Ferretti, G. M.: Wage indexation and time consistency: A note. Journal of Money, Credit, and Banking 26(4), 941-952, 1994.
30. Rasmussen, B. S.: Exchange rate policy, union age indexation, and credibility. Journal of International Economics 35(1/2), 151-167, 1993.
31. Rogoff, K.: Can international monetary policy cooperation be counterproductive? Journal of International Economics 18(3/4), 198-217, 1985.
32. Skott, P.: Staglationary consequences of "prudent" monetary policy in a unionized economy. Oxford Economic Papers 49(4), 609-622, 1997.
33. Van Gompel, J.: Stabilization with wage indexation and exchange rate flexibility. Journal of Economic Surveys 8, 251-281, 1994.
34. VanHoose, D. and Waller, C.: Islands, indexation, and monetary policy. Economic Inquiry 27(4), 705-717, 1989.
35. VanHoose, D. and Waller, C.: Discretion, wage indexation, and inflation. Southern Economic Journal 58(2), 356-367, 1991.
36. Waller, C. and VanHoose, D.: Discretionary monetary policy and socially efficient wage indexation. Quarterly Journal of Economics 107(4), 451-460, 1992.