Wages: a possible compromise alternative (comments)
Abstract
This comment is a response to the wage policy proposal enacted by Paulo
Renato Souza in the vol 4, n. 2/1984 issue of the Brazilian Journal of Political Economy. Our
main point is the challenge of deciding the correct level of average wage to be preserved in
a high inflation context.
JEL Classification: E31; J38; J31.
Keywords: Wages wage policy inflation