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Ajustes discontinuos de salarios, inflación y fluctuaciones económicas

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  • Alejandro Rodríguez Arana

    (Universidad Iberoamericana)

Abstract

If nominal wages adjust less frequently than prices, a constant rate of growth of the quantity of money will produce cyclical fluctuations of production and inflation. The same phenomenon can modify the average long run production of the economy, generating Phillips curves sometimes with a negative slope and some other times with a positive slope.

Suggested Citation

  • Alejandro Rodríguez Arana, 2002. "Ajustes discontinuos de salarios, inflación y fluctuaciones económicas," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 17(1), pages 129-161.
    • Handle: RePEc:emx:esteco:v:17:y:2002:i:1:p:129-161
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/196/198
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