Inflation, debt, and indexation / edited by Rudiger Dornbusch and Mario Henrique Simonsen.

Introduction, vii -- I. Wages, Prices, and Inflation Stabilization -- 1. Price Asynchronization and Price Level Inertia / Olivier J. Blanchard, 3 -- 2. Wage Indexation, Incomplete Information, and the Aggregate Supply Curve / Jo Anna Gray, 25 -- 3. Implicit Contracts and the Social Contract; Toward a Welfare Economics without Costless Mobility / Edmund S. Phelps, 46 -- 4. Stopping Moderate Inflations: The Methods of Poincare and Thatcher / Thomas J. Sargent, 54 -- II. Indexation Experience -- 5. Indexation: Current Theory and the Brazilian Experience / Mario Henrique Simonsen, 99 -- 6. Wage Indexation and Inflation: The Recent Brazilian Experience / Roberto Macedo, 133 -- 7. A View of Current European Indexation Experiences / Michael Emerson, 160 -- III. Indexation and Assets Markets -- 8. On the Relevance or Irrelevance of Public Financial Policy: Indexation, Price Rigidities, and Optimal Monetary Policies / J. E. Stiglitz, 183 -- 9. Welfare Aspects of Government Issue of Indexed Bonds / Stanley Fischer, 223 -- 10. On the Nonexistence of Privately Issued Index Bonds in the U.S. Capital Market / Stanley Fischer, 247 -- 11. On the Interaction between Wage and Asset Indexation / Nissan Liviatan, 267 -- 12. The Effects of Government Intermediation in the Indexed Bonds Market on Consumer Behavior / David Levhari, 281 -- IV. Panel Discussion -- X Opening Remarks / Robert J. Barro, 311 -- Comments on Indexation and Stability from an Observer of the Argentinean Economy / Domingo F. Cavallo, 318 -- Panel Comments / F. H. Hahn, 321 -- List of Contributors, 324 -- Index, 325.