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La politica economica in una economia con salari indicizzati al 100% piu

Author

Listed:
  • Franco Modigliani
  • Tommaso Padoa-Schioppa

Abstract

The article analyses the behavior of an open economy in which wages are fully indexed to prices. It specifically deals with the dynamics of inflation, aggregate demand, balance-of-payments deficits and the public budget deficit.

Suggested Citation

  • Franco Modigliani & Tommaso Padoa-Schioppa, 1977. "La politica economica in una economia con salari indicizzati al 100% piu," Moneta e Credito, Economia civile, vol. 30(117), pages 3-53.
  • Handle: RePEc:psl:moneta:1977:11
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/10369/pdf
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    Citations

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    Cited by:

    1. Alessandro Roncaglia, 2014. "Teoria dell'occupazione: due impostazioni a confronto," Moneta e Credito, Economia civile, vol. 67(267), pages 243-270.
    2. Giovanni Michelagnoli, 2015. "The Shaping of Incomes Policy in the Eighties. The Contribution of Ezio Tarantelli," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2015(2), pages 37-56.
    3. Ignazio Visco, 2014. "Luigi Spaventa: occasioni di discussione e confronto," Moneta e Credito, Economia civile, vol. 67(266), pages 139-149.
    4. Alessandro Roncaglia, 2013. "Luigi Spaventa," Moneta e Credito, Economia civile, vol. 66(263), pages 219-247.
    5. Olivier Blanchard, 2006. "European unemployment: the evolution of facts and ideas," Economic Policy, CEPR;CES;MSH, vol. 21(45), pages 5-59, January.
    6. Andrea Brandolini & Piero Casadio & Piero Cipollone & Marco Magnani & Alfonso Rosolia, 2007. "Employment Growth in Italy in the 1990s: Institutional Arrangements and Market Forces," AIEL Series in Labour Economics,in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 4, pages 31-68 AIEL - Associazione Italiana Economisti del Lavoro.
    7. Alessandro Roncaglia, 2014. "The theory of employment: two approaches compared," PSL Quarterly Review, Economia civile, vol. 67(270), pages 241-268.

    More about this item

    Keywords

    wage indexation; inflation; balance-of-payments;

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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