 The JG wage would be adjusted in line with productivity growth to avoid changing real relativities.Its viability as a nominal anchor relies on the fiscal authorities reining in any private wage-price pressures.The JG introduces no relative wage effects and the rising demand "per se" does not necessarily invoke inflationary pressures because by definition it is satisfying the net savings desire of the private sector (see Mitchell and Muysken, 2008 for more details).