2000-12-01, English, Article, Journal or magazine article edition: Wage Indexation, Employment and Inflation. Drudi, Francesco; Giordano, Raffaela

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Physical Description
  • Magazine/​Journal article
Published
  • Blackwell Publishers Ltd., 2000 Dec
Language
  • English

Edition details

Title
  • Wage Indexation, Employment and Inflation.
Appears In
  • Scandinavian Journal of Economics, v.102, no.4, 2000 Dec, p.645 (ISSN: 0347-0520)
Author
  • Drudi, Francesco
  • Giordano, Raffaela
Published
  • Blackwell Publishers Ltd., 2000 Dec
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • Price versus productivity-indexing is considered in a model of monetary policy with incomplete information and wage bargaining. In a perfectly price-indexed economy, the inflationary bias due to lack of credibility is eliminated. However, productivity-indexing is more appropriate to dampen macroeconomic fluctuations that are caused by real disturbances. We show that productivity-indexing alone guarantees both price and employment stability, provided the government's reputation is good enough and the union's bargaining power is not too strong. This reduces the degree of price indexation as the union becomes weaker and the government's reputation improves. Productivity-indexing is desirable with volatile productivity processes and weak unions. Keywords: Wage indexation; monetary policy; reputational equilibrium JEL classification: E24; E52
Terms of Use
  • COPYRIGHT 2000 Blackwell Publishers Ltd.
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
  • Gale Expanded Academic
Identifier
  • 70363778

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Ascham School: Margaret Bailey Library. Not open to the public Periodical; Journal, magazine, other English
Australian Bureau of Statistics. Castles Library. May not be open to the public J 330 E.T. A Vol. 78, no.1 (1976)-Vol.88, no.4 (Dec. 1986). Periodical; Journal, magazine, other English
Bond University. John and Alison Kearney Library . Open to the public 990001119780402381; HB1 .A1 S227; Vol.92, no.1(1990)- v.109, no.4 (2007) Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001482758; Full Text Available; EBSCOhost - Available from 1976. Most recent 1 year(s) not available Periodical; Journal, magazine, other English
Edith Cowan University. Edith Cowan University Library. Open to the public Periodical; Journal, magazine, other English
Flinders University. Flinders University Central Library. Open to the public 9957366801771; 330.5 S29; Online: Not available for loan Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 999659910802171; HB9 .S9; Vol. 78 (1976)-103 (2001) Periodical; Journal, magazine, other English
Mazenod College. Mazenod College Library. Open to the public Periodical; Journal, magazine, other English
Mentone Girls' Grammar School. Kerferd Library . Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Monash University. Monash University Library. Open to the public 99851601751; 330.5 S974; v. 77, no. 1 (1975) to v. 100 no. 4 (1998) ; Lacks: v. 98 no. 1; OS; YOS-SER Periodical; Journal, magazine, other English
National Gallery of Victoria. The Shaw Research Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 808096; S 330.5 EKO; Vol. 78, no. 1- (1976)- Periodical; Journal, magazine, other English
NSW Department of Industry. DTIRIS: Electronic Resources Library. Not open to the public V 99 1997 - Periodical; Journal, magazine, other English
Plantagenet Shire Council Libraries. Mount Barker Library. Open to the public Held. Check holdings Periodical; Journal, magazine, other English
RMIT University. RMIT University Library. Open to the public 9912899270001341; PER 330 S974; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; v. 78, no. 1 (1976)-v. 89, no. 4 (1987) Periodical; Journal, magazine, other English
Saint Ignatius' College, Riverview. Christopher Brennan Library. Not open to the public Periodical; Journal, magazine, other English
Shore School. Boer War Contingent Memorial Library. Not open to the public Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public Held; Vol.78, no.1 (1976)-v. 111, no. 4 (2009) Periodical; Journal, magazine, other English
St Hilda's Anglican School for Girls. St Hilda's Library. May not be open to the public Periodical; Journal, magazine, other English
The University of Melbourne. The University of Melbourne Library. Open to the public ECO P 330.5 SJE; v.78-v.107; 1976-2005 Periodical; Journal, magazine, other English
The University of Sydney. University of Sydney Library. Open to the public S04111; held; Vol.78, no.1-v.88, no.4; 1976-1986; Missing: Vol.86 (1984) Periodical; Journal, magazine, other English
University of Queensland. University of Queensland Library. Open to the public b10047803; sshp HB9 .E6 : 78(1976)-99(1997); lacking 98:1(1996) Periodical; Journal, magazine, other English
University of Western Australia. University of Western Australia Library. Open to the public 9943820802101; HELD; V. 78-108 ; 1976-2006 Periodical; Journal, magazine, other English
Western Sydney University. Penrith Campus Library. Open to the public 527905; Online version Periodical; Journal, magazine, other English
Xavier College. Brennan Library. May not be open to the public Periodical; Journal, magazine, other English
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Australian Bureau of Statistics. Castles Library. May not be open to the public J 330 E.T. A Vol. 78, no.1 (1976)-Vol.88, no.4 (Dec. 1986). Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 808096; S 330.5 EKO; Vol. 78, no. 1- (1976)- Periodical; Journal, magazine, other English
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Library Access Call number(s) Formats held Language
Ascham School: Margaret Bailey Library. Not open to the public Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001482758; Full Text Available; EBSCOhost - Available from 1976. Most recent 1 year(s) not available Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 999659910802171; HB9 .S9; Vol. 78 (1976)-103 (2001) Periodical; Journal, magazine, other English
NSW Department of Industry. DTIRIS: Electronic Resources Library. Not open to the public V 99 1997 - Periodical; Journal, magazine, other English
Saint Ignatius' College, Riverview. Christopher Brennan Library. Not open to the public Periodical; Journal, magazine, other English
Shore School. Boer War Contingent Memorial Library. Not open to the public Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public Held; Vol.78, no.1 (1976)-v. 111, no. 4 (2009) Periodical; Journal, magazine, other English
The University of Sydney. University of Sydney Library. Open to the public S04111; held; Vol.78, no.1-v.88, no.4; 1976-1986; Missing: Vol.86 (1984) Periodical; Journal, magazine, other English
Western Sydney University. Penrith Campus Library. Open to the public 527905; Online version Periodical; Journal, magazine, other English
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Bond University. John and Alison Kearney Library . Open to the public 990001119780402381; HB1 .A1 S227; Vol.92, no.1(1990)- v.109, no.4 (2007) Periodical; Journal, magazine, other English
University of Queensland. University of Queensland Library. Open to the public b10047803; sshp HB9 .E6 : 78(1976)-99(1997); lacking 98:1(1996) Periodical; Journal, magazine, other English
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Mazenod College. Mazenod College Library. Open to the public Periodical; Journal, magazine, other English
Mentone Girls' Grammar School. Kerferd Library . Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Monash University. Monash University Library. Open to the public 99851601751; 330.5 S974; v. 77, no. 1 (1975) to v. 100 no. 4 (1998) ; Lacks: v. 98 no. 1; OS; YOS-SER Periodical; Journal, magazine, other English
National Gallery of Victoria. The Shaw Research Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
RMIT University. RMIT University Library. Open to the public 9912899270001341; PER 330 S974; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; v. 78, no. 1 (1976)-v. 89, no. 4 (1987) Periodical; Journal, magazine, other English
The University of Melbourne. The University of Melbourne Library. Open to the public ECO P 330.5 SJE; v.78-v.107; 1976-2005 Periodical; Journal, magazine, other English
Xavier College. Brennan Library. May not be open to the public Periodical; Journal, magazine, other English
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