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1. Read preview
...within this restrictedclass, indexation to readily available interest...has beenpreferred to price indexation.Imperfections, illiquidity...characteristicsand composition of public debts. Debt instruments are classified...currencydenomination, terms to maturity, indexation features, option provisions...
2. Read preview
...home good in the context of partial indexation can be best appreciated when compared with the full and the zero indexation cases. Following this discussion...form the system takes is now full indexation (4.8a) partial indexation (4...
3. Read preview
...the value of unindexed debt. Hence, indexation may reduce suspicion overall, even when...Symposium were worried that this form of indexation could lead to other forms, such as wage indexation, that could easily induce or prolong...
4. Read preview
...answered, it becomes possible toset up a sort of indexation chart in which all indexation mismatchesflow through the national “equityU...usingtaxand regulatory incentives to switch the indexation of the liabilitystructure or by designing its...
5. Read preview
...board: estatetaxation was relaxed; indexation of the tax system wasphased in; and...1982 withthe notable exception of the indexation provision that wouldbegin to be phased...into higher taxbrackets because the indexation provision of the Act had notyet become...
6. Read preview
...00281) - (2)35.051.5-107.6the indexation system and the staggering of contracts(see Cardoso...taxincreases. The reforms introduced in November alsobrought back indexation, creating a new system ofdaily devaluations of the exchange...
7. Read preview
...manage­ment, exchange rate management, and general indexation of wages con­tributed to hyperinflation and state and...credit policies, and wide­spread backward-looking indexation. The plan was implemented in threephases. The first, addressing...
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...foreign 19. In previous years the government had changed the indexation rule for pensions, which had resulted in a lower value for...the difference in pensions because of the difference in indexation rules). 20. Profits and losses of public enterprises...
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...1980s the lack of an incomes policy and the automatic partial indexation of wages to prices, the scala mobile, were the major contributors...Industry wage growth, 1993-4 The scala mobile, the system of indexation which started after World War II and was revamped in 1975...
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...sometimesused as a reason to argue against devaluations, because nominaldevaluations erode real income in the absence of complete indexation.However, the evidence would suggest that many governments havebeen unable to produce a medium- to long-term environment...
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