Exchange rate-based disinflation, wage rigidity, and capital flows: trade offs for Chile, 1977-81.
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TextSeries: Working papers series; 146Publication details: Washington : World Bank, 1989.Subject(s): Summary: 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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