The Optimal Mix of Wage Indexation and Foreign Exchange Market Intervention
构建了一个模型，分析工资指数化和外汇市场干预如何同时用于政策目标，发现干预仅用于抵消需求侧冲击，而指数化需同时考虑需求和供给冲击。
This paper develops a model in which wage indexation and foreign exchange market intervention can be used simultaneously for policy purposes. With the type of wage indexation used, there is shown to be a clear separation of function between the two instruments. Intervention should be used only to offset demand-side disturbances, while indexation should depend upon both demand and supply disturbances. Copyright 1988 by Ohio State University Press.