Causas y Consecuencias de la Indización: Una Revisión de la Literatura
AbstractIndexation is common practice in both developed and developing countries. During recent years, however, many less developed economies that have implemented relatively successful stabilization plans, have included as part of the reform package wage nominalization and/or the use of the exchange rate as a nominal anchor. On the other hand, indexation of financial instruments, a practice that used to be the result of high inflation periods, has become a fashionable practice in more developed economies. This survey examines theoretical and empirical literature on three different types of indexation: wage, financial and exchange rate indexation. In contrast to other survey articles, our revision unifies the analysis of indexation in these three markets. First, we analyze the origin of each type of indexation, as well as their effects on the particular market where it is being applied, and on the economy as a whole. Second, we analyze the effect of each type of indexation on the inflation process, the economic authority's willingness to disinflate, and the costs of disinflating.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 30.
Date of creation: Apr 1998
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.