Monetary Policy and Constitutional Court: The Minimum Wage Case

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dc.contributor.authorMarc Hofstetter
dc.coverage.spatialBolivia
dc.date.accessioned2026-03-22T16:52:42Z
dc.date.available2026-03-22T16:52:42Z
dc.date.issued2006
dc.description.abstractIn 1999 the Colombian Constitutional Court ruled that annual minimum wage increases should not be lower than the inflation of the previous year. This article explores the impact of this decision on the effectiveness of monetary policy, and shows that the obligation to adjust the salary to past inflation leads monetary policy to have more effect on real activity and generates more persistent inflation.
dc.identifier.urihttps://andeanlibrary.org/handle/123456789/60847
dc.language.isoen
dc.sourceUniversidad de Los Andes
dc.subjectInflation (cosmology)
dc.subjectMonetary policy
dc.subjectEconomics
dc.subjectSalary
dc.subjectObligation
dc.subjectConstitutional court
dc.subjectWage
dc.subjectMonetary economics
dc.subjectMinimum wage
dc.titleMonetary Policy and Constitutional Court: The Minimum Wage Case
dc.typearticle

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