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目前,我国面临工资与物价改革的关键之举。许多实际工作者和学术界人士,正就工资与物价是否挂钩、是否采取工资与物价同步增长的指数化政策,以及实行这种政策的后果等问题进行研究讨论。巴西从1964年颁布“货币校正法”开始,就推行了全面的指数化制度;而在1986年废除全面指数化制度之后,仍然保留着工资与物价同步增长的指数化机制。那么,巴西实行20多年指数化政策的结果如何?本文对此试作一些实证分析,想必不无裨益。
At present, our country is facing a key move in wage and price reform. Many practitioners and academics are discussing whether wages and prices are linked, whether they adopt an indexed policy of simultaneous increases in wages and prices, and the consequences of implementing such policies. Since the promulgation of the Currency Correction Law in 1964, Brazil has introduced a comprehensive indexation system. After the abolition of the comprehensive indexation system in 1986, Brazil still retained the indexation mechanism for the simultaneous growth of wages and prices. So, what is the result of Brazil’s 20-year exponential policy? Some empirical tests in this paper are presumably not without merit.