Wage Rigidity and Disinflation in Emerging Countries
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 conte...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
American Economic Association
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/17928 |