Wage rigidity and disinflation in emerging countries (English)

This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay. Although wage rigidities are altered by disinflation, in neither of the two countries does price stability eliminate frictions in wage-setting mechanisms. In a context of individual wage negotiations and weak unions, disinflation in Uruguay puts an end to its history of indexation, but strong resistance to nominal...

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Author

Messina Granovsky,Julian S.;

Sanz De Galdeano,Anna Maria;
Document Date
2014/01/01
Document Type
Journal Article
Report Number
92928
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2014/12/05
Disclosure Status
Disclosed
Doc Name
Wage rigidity and disinflation in emerging countries
Keywords
wage changes

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Messina Granovsky,Julian S.; Sanz De Galdeano,Anna Maria.

Wage rigidity and disinflation in emerging countries (English). Author accepted manuscript Washington, DC ; World Bank Group. http://documents.worldbank.org/curated/en/663161468125679255

Wage rigidity and disinflation in emerging countries (English)

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