Markup, Indexation and Inflation: A Bargaining Approach
- Publisher:
- Elsevier Science
- Publication Type:
- Journal Article
- Citation:
- Faria, J. 2003 'Markup, Indexation and Inflation: A Bargaining Approach', Economic Modelling, vol. 18, no. 2, pp. 229-236.
- Issue Date:
- 2003
Closed Access
Filename | Description | Size | |||
---|---|---|---|---|---|
2004004500.pdf | 612.13 kB |
Copyright Clearance Process
- Recently Added
- In Progress
- Closed Access
This item is closed access and not available.
The paper introduces a wage indexation rule into a bargaining framework, and shows that
increasing indexation and decreasing competition among firms affects the price level and
nominal wage positively. The macroeconomic implication is that there is room for active
macroeconomic policies to stabilise output and employment, avoiding or minimising the
effects of indexation.
Please use this identifier to cite or link to this item: