Meh, Césaire Assah; Quadrini, Vincenzo; Terajima, Yaz - 2009
indexed to the nominal price and, as a result, their investment is more sensitive to nominal price shocks. We also find that … the overall degree of nominal indexation increases with the uncertainty of the price level. An implication of this is that … economies with higher price-level uncertainty are less vulnerable to a price shock of a given magnitude, that is, aggregate …