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Exchange rate-based disinflation, wage rigidity, and capital flows: trade offs for Chile, 1977-81.

By: Condon, Timothy.
Material type: materialTypeLabelBookSeries: Working papers series; 146. Publisher: Washington : World Bank, 1989Subject(s): Economic development | Chile -- Wages -- Inflation. -- Chile -- Wages -- Inflation. -- Chile -- Wages -- InflationSummary: This paper examines how exchange rate-based disinflation affects the composition of expenditure switching and expenditure reduction adjustment in the presence of partial wage indexation in some segments of labour markets.
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This paper examines how exchange rate-based disinflation affects the composition of expenditure switching and expenditure reduction adjustment in the presence of partial wage indexation in some segments of labour markets.

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