The Effects Of Forward Versus Backward Looking Wage Indexationon Price Stabilization Programs

Author : Mr.Joe Crowley
Publisher : International Monetary Fund
Page : 35 pages
File Size : 42,7 Mb
Release : 1997-04-01
Category : Business & Economics
ISBN : 9781451845655

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The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs by Mr.Joe Crowley Pdf

A standard open-economy model is used to show that price stabilization programs are more likely to succeed if labor contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs, smaller misalignment of real wages, smaller outflows of reserves, smaller disruptions caused by policy announcements, and a reduced impact of some shocks during price stabilization programs. These results are generally true whether or not capital is mobile and whether or not expectations are rational.

Author : Hanāʼ Khayr al-Dīn
Publisher : Oxford University Press
Page : 263 pages
File Size : 40,8 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789774163036

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What Drives Prices in Egypt? by Hanāʼ Khayr al-Dīn Pdf

Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.

Author : International Monetary
Publisher : International Monetary Fund
Page : 26 pages
File Size : 51,8 Mb
Release : 2023-05-24
Category : Electronic
ISBN : 9798400243929

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Luxembourg by International Monetary Pdf

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Author : Hanaa Kheir-El-Din
Publisher : American University in Cairo Press
Page : 232 pages
File Size : 44,5 Mb
Release : 2009-10-01
Category : Business & Economics
ISBN : 9781617973857

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What Drives Prices in Egypt? by Hanaa Kheir-El-Din Pdf

Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 458 pages
File Size : 40,8 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451937503

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IMF Survey by International Monetary Fund. External Relations Dept. Pdf

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Author : Francisco Galrão Carneiro,Indermit Singh Gill,Ricardo Paes de Barros
Publisher : Nova Publishers
Page : 278 pages
File Size : 46,6 Mb
Release : 2006
Category : Business & Economics
ISBN : 1594545987

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The Third Dimension of Labor Markets by Francisco Galrão Carneiro,Indermit Singh Gill,Ricardo Paes de Barros Pdf

Focuses on the relationship between labour market institutions, its functioning and outcomes.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 120 pages
File Size : 46,9 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451973464

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IMF Staff papers, Volume 44 No. 3 by International Monetary Fund. Research Dept. Pdf

This paper studies the case of Mexico to examine determinants of banking system fragility. The paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions, and potential contagion effects. The methodology allows the variables that determine bank failure to differ from those that influence banks’ time to failure (or survival rate). Based on the indicators of fragility of individual banks, the paper constructs an index of fragility for the banking system. The framework is applied to the Mexican financial crisis that began in 1994.

Author : Mary P. Lassiter
Publisher : Nova Publishers
Page : 308 pages
File Size : 46,9 Mb
Release : 2007
Category : Business & Economics
ISBN : 1600211828

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Economics, Politics and Social Issues in Latin America by Mary P. Lassiter Pdf

Latin America is a diverse group countries with extremely diverse economies and political dynamics. Some are heavy in poverty and others are booming with petrodollars. They speak Spanish, Portuguese, and French. This book brings together analyses detailing crucial issues at the beginning of the 21st century.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 208 pages
File Size : 54,5 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781451947229

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on the flexibility of the labor market and the evidence regarding the wage and employment effects of trade reform are discussed next. The last part of the paper identifies a variety of issues that may require further investigation.

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
Page : 98 pages
File Size : 52,9 Mb
Release : 1995-11-01
Category : Business & Economics
ISBN : 9781451854787

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The Labor Market and Economic Adjustment by Pierre-Richard Agénor Pdf

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Author : Pierre-Richard Agénor,Peter J. Montiel
Publisher : Princeton University Press
Page : 792 pages
File Size : 44,7 Mb
Release : 2015-06-23
Category : Business & Economics
ISBN : 9781400866267

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Development Macroeconomics by Pierre-Richard Agénor,Peter J. Montiel Pdf

The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises

Author : Leonardo Leiderman
Publisher : University of Chicago Press
Page : 364 pages
File Size : 41,7 Mb
Release : 1993-07-15
Category : Business & Economics
ISBN : 0226471101

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Inflation and Disinflation by Leonardo Leiderman Pdf

During the early 1980s, Israel's inflation rate rose to almost 500% per year—one of the highest inflation rates in the developed world. In 1985, the Israeli government implemented a program that immediately reduced inflation to 15%-20%, where it remained for the rest of the decade. How did the economy deal with these major changes so rapidly and successfully? In these eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked and considers how other countries might benefit from similar policies. Even though standard economic models predict that output will drop and unemployment will rise during disinflation, Israel saw a boom in private consumption and large increases in real wages that lasted for about three years. To understand how the effects of Israeli disinflation policies defied typical expectations, Leiderman investigates how monetary fiscal policy determined Israel's runaway inflation and how the country brought its economy abruptly under control. He finds that rates of inflation and consumption depend on the public's expectations about future fiscal adjustments and that foreign trade shocks do not inevitably lead to a long-term rise in the inflation rate. His illumination of international trade and domestic policies, past and present, will interest academic economists and policymakers alike.

Author : Anonim
Publisher : Unknown
Page : 440 pages
File Size : 50,7 Mb
Release : 1997
Category : Finance
ISBN : UIUC:30112037862700

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IMF Working Paper by Anonim Pdf

Author : Pierre-Richard Agénor,Mr.Carlos M. Asilis
Publisher : International Monetary Fund
Page : 24 pages
File Size : 41,6 Mb
Release : 1993-11-01
Category : Business & Economics
ISBN : 9781451851229

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Price Controls and Electoral Cycles by Pierre-Richard Agénor,Mr.Carlos M. Asilis Pdf

This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The shape of the cycle is shown to depend on the periodicity of elections, the relative weight attached by the public to inflation as opposed to the macroeconomic distortions associated with price controls, the nature of wage contracts, and the degree of uncertainty about the term in office.

Author : International Monetary Fund
Publisher : Unknown
Page : 112 pages
File Size : 50,8 Mb
Release : 1998
Category : International finance
ISBN : IND:30000071040517

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Publications Catalog by International Monetary Fund Pdf