Indexation and dispersion of relative prices: analysis of the Brazilian case (1975-1991)

Edward Amadeo () and Elena Landau ()

Brazilian Journal of Political Economy, 1993, vol. 13, issue 3, 472-481

Abstract: In this paper we attempt to show that the gradual process of indexation whichresults from inflationary processes may be responsible for the reduction in the dispersion ofrelative prices. We develop a model relating the length of adjustment periods, indexation andthe dispersion of relative prices. Next, we look at the evidences on the behavior of relativewages in Brazil. We conclude with a discussion of the efficiency of price freezes as a stabilizationstrategy. JEL Classification: E31; E37.

Keywords: Inflation; indexation; relative prices; stabilization (search for similar items in EconPapers)
Date: 1993
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