Wage Indexation and Macroeconomic Fluctuations

Pierre Dehez (1) , Jean-Paul Fitoussi (2)

1 CORE - Center of Operation Research and Econometrics [Louvain]
2 OFCE - Observatoire français des conjonctures économiques (Sciences Po)

Recent theoretical developments in general equilibrium theory have incorporated the possibility of imperfectly flexible prices, the general consistency of transactions being attained through quantity rationing. The basic contributions along these lines are due to Benassy (1975), Drèze (1975) and Younès (1975).

Domains: Economics and Finance

Pierre Dehez, Jean-Paul Fitoussi. Wage Indexation and Macroeconomic Fluctuations. Wilfred Beckerman. Wage rigidity and unemployment, Johns Hopkins University Press, pp.201 - 217, 1986, 0715620819. ⟨hal-03393158⟩