Bryson, Jay H.; Chen, Chih-Huan; VanHoose, David D. - Federal Reserve Board (Board of Governors of the … - 1996
This paper shows how economic interdependence affects wage indexation decisions when monetary authorities do not … the same degree of indexation as they would in a small open economy. Under a flexible exchange rate, the likelihood rises … that they will choose a lower degree of indexation than their counterparts in a small open economy as the degree of …