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Series on Central Banking 02: Indexation, Inflation and Monetary Policy

Series on Central Banking 02: Indexation, Inflation and Monetary Policy

Although indexation policies and practices are common in many markets and economies, their implications for market efficiency and price stabilization remain controversial. This book contributes to the literature on indexation and inflation by including nine articles that are at the research frontier on these issues. The scope of the articles ranges from specific topics—including the optimal management of indexed public debt and the consequences of wage indexation—to recent empirical evidence regarding indexation and the persistence of inflation. The authors look at specific indexation practices adopted in different markets in response to inflation, discuss the consequences of such practices for these markets, and analyze the relationship among indexation mechanisms, inflation persistence, and the outcome of stabilization programs.

Language: English

Edited by: Fernando Lefort y Klaus Schmidt-Hebbel

Published: June 2002

$15.000

Available for free in digital format in the Digital Repository and Institutional Website

Work belonging to the Collection of Paintings of the Central Bank of Chile:  "Pont D/Stgo. Sur Le Rio Mapocho" by Edmont Bigot De La Touanne (Oil on canvas, 100,5 x 145,5 cm.)