Skip to Main Navigation

Wage rigidity and disinflation in emerging countries (Английский)

This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay. Although wage rigidities are altered by disinflation, in neither of the two countries does price stability eliminate frictions in wage-setting mechanisms. In a context of individual wage negotiations and weak unions, disinflation in Uruguay puts an end to its history of indexation, but strong resistance to nominal...
Подробнее

ПОДРОБНАЯ ИНФОРМАЦИЯ

ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ

ПОЛНЫЙ ОТЧЕТ

Официальная версия документа (может содержать подписи, и т.д.)

This document is being processed or is not available.