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Wage Indexation and Macroeconomic Fluctuations

Author

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  • Pierre Dehez

    (CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Jean-Paul Fitoussi

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

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).

Suggested Citation

  • Pierre Dehez & Jean-Paul Fitoussi, 1986. "Wage Indexation and Macroeconomic Fluctuations," Post-Print hal-03393158, HAL.
    • Handle: RePEc:hal:journl:hal-03393158
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    Cited by:

    1. M. Scattaglia, 1994. "Politiche per l'occupazione e Microfondamenti "Keynesiani" dell'economia del lavoro," Working Papers 196, Dipartimento Scienze Economiche, Universita' di Bologna.

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