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General Wage Escalator Clauses and the Inflation Unemployment Trade Off
The purpose of this paper is to determine empirically the effect of general wage escalation, which is practiced in Israel, on the inflation unemployment trade off. Wage escalation is introduced byExpand
  • 1
The effects of indexation of wage contracts on macro-economic stability
Abstract The paper develops a simple analytical framework in which the shortrun affects of wage indexation on the dynamic stability of inflation can be analyzed. It consists of a unlonized laborExpand
  • 2