The analysis of this paper stresses the interdependence between wage indexation on the one hand, and exchange market intervention on the other, as tools of'macr

The recent increase of inflation globally has led to a renewed interest in understanding the link between inflation and wages. In Uruguay, the presence of centr

Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had n