Wage And Inflation Dynamics In Denmark

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Wage and Inflation Dynamics in Denmark

Raju Huidrom
Wage and Inflation Dynamics in Denmark Book PDF

Author : Raju Huidrom
Publisher : International Monetary Fund
Page : 16 pages
File Size : 45,9 Mb
Release : 2023-07-19
Category : Business & Economics
ISBN : 9798400251924

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Wage and Inflation Dynamics in Denmark by Raju Huidrom Pdf

Nominal wage growth in Denmark has so far been modest and outpaced by high inflation, putting real wage growth in negative territory. Amid still-tight labor markets, this has raised concerns about wage pressures going forward and the eventual impact on inflation. The analysis suggests that wage formation in Denmark has historically been partly backward-looking, and economic slack also has played a role. Given these, high inflation realized thus far and the tightness in the labor market implies that wage pressures are expected to remain elevated in the near term. Some of these wage pressures, in turn, are expected to be passed on to core inflation, sustaining high inflation. Thus, determined policies to fight inflation are important.

Denmark

International Monetary Fund. European Dept.
Denmark Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 25 pages
File Size : 50,7 Mb
Release : 2023-06-26
Category : Business & Economics
ISBN : 9798400246029

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Denmark by International Monetary Fund. European Dept. Pdf

Denmark: Selected Issues

Romania

International Monetary Fund. European Dept.
Romania Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 73 pages
File Size : 49,7 Mb
Release : 2023-12-08
Category : Business & Economics
ISBN : 9798400260810

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Romania by International Monetary Fund. European Dept. Pdf

Romania has weathered the economic shocks from the pandemic, Russia’s war in Ukraine, and the resulting surges in energy and food prices relatively well. Growth has slowed down but is expected to remain fairly robust in 2023 and 2024, supported by investment. Inflation remains notably above target but has been declining steadily through 2023. Fiscal deficits remain too large, although the authorities adopted a fiscal package to limit spending and raise additional revenues.

Inflation Dynamic

Weshah Razzak
Inflation Dynamic Book PDF

Author : Weshah Razzak
Publisher : Taylor & Francis
Page : 358 pages
File Size : 40,8 Mb
Release : 2023-06-16
Category : Business & Economics
ISBN : 9781000880557

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Inflation Dynamic by Weshah Razzak Pdf

This book explains inflation dynamic, using time series data from 1960 for 42 countries. These countries are different in every aspect, historically, culturally, socially, politically, institutionally, and economically. They are chosen on the basis of the data availability only and cover the Middle East and North Africa (MENA) region, Africa, Asia, the Caribbean, Europe, Australasia, and the United States. Inflation reached double digits in the developed countries in the 1970s and 80s, and then central banks, successfully stabilized it by anchoring inflation expectations for decades, until now. Conditional on common and country-specific shocks such as oil price shocks, financial and banking and political crises, wars, pandemics, natural disasters etc., the book tests various theoretical models about the long and short run relationships between money and prices, money growth and inflation, money growth and real output, expected inflation; the output gap, fiscal policy, and inflation, using a number of parametric and non-parametric methods, and pays attention to specifications and estimations problems. In addition, it explains why policymakers in inflation – targeting countries, e.g. the U.S., failed to anticipate the recent sudden rise in inflation. And, it examines the fallibility of the Modern Monetary Theory’s policy prescription to reduce inflation by raising taxes. This is a unique and innovative book, which will find an audience among students, academics, researchers, policy makers, analysts in corporations, private and central banks and international monetary institutions.

Denmark

International Monetary Fund
Denmark Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 44 pages
File Size : 54,6 Mb
Release : 2008-12-29
Category : Business & Economics
ISBN : 9781451811247

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Denmark by International Monetary Fund Pdf

This Selected Issues paper for Denmark shows that a demographic shift will have several impacts on the economy. The decline in the relative size of the labor force will result in relatively fewer goods produced. This effect will be particularly strong, because a large portion of the current baby-boomers are in their peak earning years, and their retirement will have a dramatic effect on productivity and on overall production. Demark has imposed a restrictive policy requiring that immigrants prove they have a job that meets wage and working condition standards before getting a work permit.

Still Minding the Gap—Inflation Dynamics during Episodes of Persistent Large Output Gaps

Mr.Andre Meier
Still Minding the Gap Inflation Dynamics during Episodes of Persistent Large Output Gaps Book PDF

Author : Mr.Andre Meier
Publisher : International Monetary Fund
Page : 38 pages
File Size : 48,8 Mb
Release : 2010-08-01
Category : Business & Economics
ISBN : 9781455202232

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Still Minding the Gap—Inflation Dynamics during Episodes of Persistent Large Output Gaps by Mr.Andre Meier Pdf

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about significant disinflation, underpinned by weak labor markets, slowing wage growth, and, in many cases, falling oil prices. Indeed, inflation declined by about the same fraction of the initial inflation rate across episodes. That said, disinflation has tended to taper off at very low positive inflation rates, arguably reflecting downward nominal rigidities and well-anchored inflation expectations. Temporary inflation increases during episodes were, in turn, systematically related to currency depreciation or higher oil prices. Overall, the historical patterns suggest little upside inflation risk in advanced economies facing the prospect of persistent large output gaps.

OECD Employment Outlook 2023 Artificial Intelligence and the Labour Market

OECD
OECD Employment Outlook 2023 Artificial Intelligence and the Labour Market Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 267 pages
File Size : 48,7 Mb
Release : 2023-07-11
Category : Electronic
ISBN : 9789264599369

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OECD Employment Outlook 2023 Artificial Intelligence and the Labour Market by OECD Pdf

The 2023 edition of the OECD Employment Outlook examines the latest labour market developments in OECD countries. It focuses, in particular, on the evolution of labour demand and widespread shortages, as well as on wage developments in times of high inflation and related policies.

The Gold Standard Peripheries

Anders Ögren,Lars Fredrik Øksendal
The Gold Standard Peripheries Book PDF

Author : Anders Ögren,Lars Fredrik Øksendal
Publisher : Springer
Page : 267 pages
File Size : 53,9 Mb
Release : 2011-12-16
Category : Business & Economics
ISBN : 9780230362314

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The Gold Standard Peripheries by Anders Ögren,Lars Fredrik Øksendal Pdf

The remarkably successful gold standard before 1914 was the first international monetary regime. This book addresses the experience of the gold standard peripheries; i.e. regime takers with limited influence on the regime. How did small countries adjust to an international monetary regime with seemingly little room for policy autonomy?

Dynamic Modelling and Control of National Economies 1983

T. Basar,L. F. Pau
Dynamic Modelling and Control of National Economies 1983 Book PDF

Author : T. Basar,L. F. Pau
Publisher : Elsevier
Page : 489 pages
File Size : 43,6 Mb
Release : 2014-05-17
Category : Business & Economics
ISBN : 9781483153315

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Dynamic Modelling and Control of National Economies 1983 by T. Basar,L. F. Pau Pdf

Dynamic Modelling and Control of National Economies 1983 contains the proceedings of the Fourth IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control held at Washington D.C., USA on June17-19, 1983. Separating the 65 papers presented in the conference as chapters, this book covers a broad class of problems or notions arising both in economic theory, control applications to planning, and implementation issues. Some chapters discuss multi-level interactions of government and private sectors in economic development; inflation and economic policy in an open economy; foreign debt and exchange rate stability in a developing country; and expectations in numerical general equilibrium models. This book also explains a rational decision-making process for resource policymaking; inference of the structure of economic reasoning from natural language analysis; modeling and analysis of a national economy; and methodological issues in global modeling. Econometric analysis of the economic effects of population change, aspects of optimal estimation control strategies in econometrics, and optimal policies for interdependent economies are also discussed. This book will be useful to those engaged in economic and control theory research.

Macroeconomic Inequality from Reagan to Trump

Lance Taylor
Macroeconomic Inequality from Reagan to Trump Book PDF

Author : Lance Taylor
Publisher : Cambridge University Press
Page : 145 pages
File Size : 53,5 Mb
Release : 2020-08-20
Category : Business & Economics
ISBN : 9781108494632

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Macroeconomic Inequality from Reagan to Trump by Lance Taylor Pdf

An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.

The European Monetary System

Francesco Giavazzi,Stefano Micossi,Marcus Miller,Banca d'Italia,Centre for Economic Policy Research (Great Britain)
The European Monetary System Book PDF

Author : Francesco Giavazzi,Stefano Micossi,Marcus Miller,Banca d'Italia,Centre for Economic Policy Research (Great Britain)
Publisher : Cambridge University Press
Page : 452 pages
File Size : 54,7 Mb
Release : 1988
Category : Business & Economics
ISBN : 0521389054

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The European Monetary System by Francesco Giavazzi,Stefano Micossi,Marcus Miller,Banca d'Italia,Centre for Economic Policy Research (Great Britain) Pdf

Recoge: 1. The international environment - 2. Disinflation, external adjustment and cooperation - 3. Exchange rates, capital mobility and monetary coordination - 4. The future og the European monetary system.

OECD Economic Outlook, Volume 2017

OECD
OECD Economic Outlook Volume 2017 Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 324 pages
File Size : 40,5 Mb
Release : 2017-12-19
Category : Electronic
ISBN : 9789264286795

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OECD Economic Outlook, Volume 2017 by OECD Pdf

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Return of Marxian Macro-dynamics in East Asia

Masao Ishikura,Seongjin Jeong,Minqi Li
Return of Marxian Macro dynamics in East Asia Book PDF

Author : Masao Ishikura,Seongjin Jeong,Minqi Li
Publisher : Emerald Group Publishing
Page : 328 pages
File Size : 47,7 Mb
Release : 2017-08-21
Category : Political Science
ISBN : 9781787144774

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Return of Marxian Macro-dynamics in East Asia by Masao Ishikura,Seongjin Jeong,Minqi Li Pdf

This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.

Inflation Expectations

Peter J. N. Sinclair
Inflation Expectations Book PDF

Author : Peter J. N. Sinclair
Publisher : Routledge
Page : 402 pages
File Size : 52,5 Mb
Release : 2009-12-16
Category : Business & Economics
ISBN : 9781135179779

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Inflation Expectations by Peter J. N. Sinclair Pdf

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

The Econometrics of Macroeconomic Modelling

Gunnar Bårdsen,Øyvind Eitrheim,Eilev Jansen,Ragnar Nymoen
The Econometrics of Macroeconomic Modelling Book PDF

Author : Gunnar Bårdsen,Øyvind Eitrheim,Eilev Jansen,Ragnar Nymoen
Publisher : OUP Oxford
Page : 362 pages
File Size : 45,9 Mb
Release : 2005-04-14
Category : Business & Economics
ISBN : 9780191529870

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The Econometrics of Macroeconomic Modelling by Gunnar Bårdsen,Øyvind Eitrheim,Eilev Jansen,Ragnar Nymoen Pdf

Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of identification, neglect of dynamics and non-stationarity, and poor forecasting properties. By the start of the 1990s, the status of macroeconometric models had declined markedly, and had fallen completely out of, and with, academic economics. Nevertheless, unlike the dinosaurs to which they often have been likened, macroeconometric models have never completely disappeared from the scene. This book describes how and why the discipline of macroeconometric modelling continues to play a role for economic policymaking by adapting to changing demands, in response, for instance, to new policy regimes like inflation targeting. Model builders have adopted new insights from economic theory and taken advantage of the methodological and conceptual advances within time series econometrics over the last twenty years. The modelling of wages and prices takes a central part in the book as the authors interpret and evaluate the last forty years of international research experience in the light of the Norwegian 'main course' model of inflation in a small open economy. The preferred model is a dynamic model of incomplete competition, which is evaluated against alternatives as diverse as the Phillips curve, Nickell-Layard wage curves, the New Keynesian Phillips curve, and monetary inflation models on data from the Euro area, the UK, and Norway. The wage price core model is built into a small econometric model for Norway to analyse the transmission mechanism and to evaluate monetary policy rules. The final chapter explores the main sources of forecast failure likely to occur in a practical modelling situation, using the large-scale nodel RIMINI and the inflation models of earlier chapters as case studies.