{"id":445,"date":"1987-06-01T09:08:43","date_gmt":"1987-06-01T06:08:43","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=445"},"modified":"2023-08-02T17:33:18","modified_gmt":"2023-08-02T14:33:18","slug":"optimal-wage-indexation-monetary-policy-economy-imported-raw-materials","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/optimal-wage-indexation-monetary-policy-economy-imported-raw-materials\/","title":{"rendered":"Optimal Wage Indexation and Monetary Policy in an Economy with Imported Raw Materials"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-el\">\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 <a href=\"https:\/\/hardouvelis.gr\/en\/wp-json\/wp\/v2\/posts\/445\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p><strong>Optimal Wage Indexation and Monetary Policy in an Economy with Imported Raw Materials<\/strong><br \/>\nAuthor: Gikas A. Hardouvelis<br \/>\n<em>Journal: Journal of International Money and Finance (1987),6. 419-432<\/em><\/p>\n<p>Abstract: \u00a0An economy\u2019s openness from the input side has importnant effects on the optimal design of its macroeconomic policies. Given the exchange rate regime, the larger the share of imported raw materials in domestic production, the smaller the optimal degree of wage indexation to unanticipated inflation. Alternatively, given the wage indexation parameter, the larger the share of imported raw materials in domestic production, the smaller the optimal degree of foreign exchange intervention by the monetary authority (the more flesible the exchange rate).<\/p>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2017\/12\/JIMF_19876_419-32.pdf\">Download Optimal Wage Indexation and Monetary Policy in an Economy with Imported Raw Materials pdf<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 English. For the sake of viewer convenience, the content is shown below in the alternative language. You<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,5],"tags":[3251],"yst_prominent_words":[756,750,763,745,747,757,759,753,752,761,746,760,764,754,749,755,748,762,758,751],"class_list":["post-445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-publications","category-publications-in-refereed-academic-journals","tag-academic-publications"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=445"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/445\/revisions"}],"predecessor-version":[{"id":447,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/445\/revisions\/447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=445"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}