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Essays On Inflation And Wage Dynamics
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Book Synopsis What Unions No Longer Do by : Jake Rosenfeld
Download or read book What Unions No Longer Do written by Jake Rosenfeld and published by Harvard University Press. This book was released on 2014-02-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: From workers' wages to presidential elections, labor unions once exerted tremendous clout in American life. In the immediate post-World War II era, one in three workers belonged to a union. The fraction now is close to one in five, and just one in ten in the private sector. The only thing big about Big Labor today is the scope of its problems. While many studies have explained the causes of this decline, What Unions No Longer Do shows the broad repercussions of labor's collapse for the American economy and polity. Organized labor was not just a minor player during the middle decades of the twentieth century, Jake Rosenfeld asserts. For generations it was the core institution fighting for economic and political equality in the United States. Unions leveraged their bargaining power to deliver benefits to workers while shaping cultural understandings of fairness in the workplace. What Unions No Longer Do details the consequences of labor's decline, including poorer working conditions, less economic assimilation for immigrants, and wage stagnation among African-Americans. In short, unions are no longer instrumental in combating inequality in our economy and our politics, resulting in a sharp decline in the prospects of American workers and their families.
Book Synopsis Structural Change and Economic Growth by : Luigi L. Pasinetti
Download or read book Structural Change and Economic Growth written by Luigi L. Pasinetti and published by CUP Archive. This book was released on 1981-04-16 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system
Book Synopsis The Fissured Workplace by : David Weil
Download or read book The Fissured Workplace written by David Weil and published by Harvard University Press. This book was released on 2014-02-17 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, on the list of big business's priorities, sustaining the employer-worker relationship ranks far below building a devoted customer base and delivering value to investors. As David Weil's groundbreaking analysis shows, large corporations have shed their role as direct employers of the people responsible for their products, in favor of outsourcing work to small companies that compete fiercely with one another. The result has been declining wages, eroding benefits, inadequate health and safety protections, and ever-widening income inequality. From the perspectives of CEOs and investors, fissuring--splitting off functions that were once managed internally--has been phenomenally successful. Despite giving up direct control to subcontractors and franchises, these large companies have figured out how to maintain the quality of brand-name products and services, without the cost of maintaining an expensive workforce. But from the perspective of workers, this strategy has meant stagnation in wages and benefits and a lower standard of living. Weil proposes ways to modernize regulatory policies so that employers can meet their obligations to workers while allowing companies to keep the beneficial aspects of this business strategy.
Book Synopsis The Selected Essays of Assar Lindbeck: Macroeconomics and economic policy by : Assar Lindbeck
Download or read book The Selected Essays of Assar Lindbeck: Macroeconomics and economic policy written by Assar Lindbeck and published by Edward Elgar Publishing. This book was released on 1993 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume in a two-volume set on macroeconomics, economic policy and the welfare state. This volume covers the development of the author's thought, illustrating how his experience of economic policy-making in Sweden has led him to form his current opinions.
Book Synopsis Reducing Inflation by : Christina D. Romer
Download or read book Reducing Inflation written by Christina D. Romer and published by University of Chicago Press. This book was released on 2007-12-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Book Synopsis Macroeconomic Inequality from Reagan to Trump by : Lance Taylor
Download or read book Macroeconomic Inequality from Reagan to Trump written by Lance Taylor and published by Cambridge University Press. This book was released on 2020-08-20 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.
Book Synopsis Inflation Expectations by : Peter J. N. Sinclair
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Inflation, unemployment and monetary control by : Fritz Scheuch
Download or read book Inflation, unemployment and monetary control written by Fritz Scheuch and published by Duncker & Humblot. This book was released on 2023 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Markets and Wage Determination by : Clark Kerr
Download or read book Labor Markets and Wage Determination written by Clark Kerr and published by Univ of California Press. This book was released on 1977-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Compilation of essays on labour market analysis and wage determination after 1946 - discusses the disaggregation of the labour market, effects of trade unionism on wage determination and income distribution, the impact of wage policy restraints on labour relations, etc. References and statistical tables.
Book Synopsis The Macroeconomic Consequences of Wage Indexation Revisited by : Mr.Esteban Jadresic
Download or read book The Macroeconomic Consequences of Wage Indexation Revisited written by Mr.Esteban Jadresic and published by International Monetary Fund. This book was released on 1998-02-01 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1970s, there has been considerable research on the macroeconomic consequences of wage indexation. Nonetheless, until recently, this research had not explicitly explored the implications of contracts that index wages to lagged inflation, the usual type of wage indexation observed in practice. Drawing mainly on recent research by the author, this paper examines the consequences of wage indexation to lagged inflation on aggregate wage formation, the cost of disinflation under money- and exchange-rate-based stabilization, the variability of output under alternative shocks and policy regimes, the choice of exchange rate regime, and the level and variability of inflation.
Download or read book Economic Dynamics written by Roy Harrod and published by Springer. This book was released on 1973-06-18 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation written by D C Hague and published by Springer. This book was released on 1962-01-01 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Economics by : James Tobin
Download or read book Essays in Economics written by James Tobin and published by MIT Press. This book was released on 1987 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: These 28 essays, covering Tobin's work in macroeconomics from the early 1940s to 1970 are grouped into three parts - macroeconomic theory, economic growth, and money and finance.
Book Synopsis Essays in Macrodynamic Economics by : Kenneth K. Kurihara
Download or read book Essays in Macrodynamic Economics written by Kenneth K. Kurihara and published by State University of New York Press. This book was released on 1972-06-30 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 1 looks at the perspective and prospective transition from macrostatics to macrodynamics. Part 2 examines the analytical and operational problems of advanced economies in varying stages of their development and with changing institutional and technological complexes. It also discusses boldly such controversial and paradoxical issues as the dichotomy between the post-Keynesian and neo-classical approach, the clash between macroeconomic desiderata, the incongruity between internal and external equilibria, the contradiction between laissez-faire and the policy-orientated patterns of development, and the contrast between macro- and multisectoral models of growth. The possibility (and desirability) of adding, to both Keynes's General Theory and post-Keynesian dynamics, such new dimensions as are attuned to the pressing and mounting needs of our restless society is discussed in both Parts. The ideas put forward by Professor Kurihara are intended to stimulate further hypothesis-making in the perplexing yet intriguing field of economic development. The book should prove useful to serious (and curious) students of 'dynamic economics' and 'development planning' not only in advanced economies but also in developing countries.
Book Synopsis Wage Determination and Incomes Policy in Open Economies by : Ms.Anne Romanis Braun
Download or read book Wage Determination and Incomes Policy in Open Economies written by Ms.Anne Romanis Braun and published by International Monetary Fund. This book was released on 1986-09-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
Book Synopsis Royal Economic Society Surveys of Economic Theory by : NA NA
Download or read book Royal Economic Society Surveys of Economic Theory written by NA NA and published by Springer. This book was released on 2016-03-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
