Title of article
Optimal indexation and the cyclical behavior of prices
Author/Authors
Jean-Pascal Benassy، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
6
From page
83
To page
88
Abstract
We construct in this article a dynamic model with technological and monetary shocks. We show that, whereas prices may be procyclical without indexation, they are countercyclical under optimal indexation.
Keywords
indexation , Procyclical prices , Optimal indexation , Wage indexation , Countercyclical prices
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435390
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