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Author : Reza Moghadam
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.3/5 ( download)
Download or read book Relative Wage Flexibility in Four Countries written by Reza Moghadam and published by . This book was released on 1989 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David G. Blanchflower
Publisher : MIT Press
ISBN 13 : 9780262023757
Total Pages : 504 pages
Book Rating : 4.0/5 (237 download)
Download or read book The Wage Curve written by David G. Blanchflower and published by MIT Press. This book was released on 1994 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Author : Norbert Berthold
Publisher : International Monetary Fund
ISBN 13 : 1451850522
Total Pages : 34 pages
Book Rating : 4.4/5 (518 download)
Download or read book Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase written by Norbert Berthold and published by International Monetary Fund. This book was released on 1999-06-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU in the transition phase. Speculative attacks against currencies which are in economic distress due to asymmetric shocks can still happen. A speculative attack as such cannot force a country out of EMU. However, the country concerned might voluntarily decide to leave the system as the costs of staying inside EMU, e.g., due to further rising unemployment, become too large to bear.
Author : Philip Arestis
Publisher : Edward Elgar Publishing
ISBN 13 : 9781845423322
Total Pages : 264 pages
Book Rating : 4.4/5 (233 download)
Download or read book Neo-liberal Economic Policy written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this is a very good book. It is carefully argued and well presented, incorporating a wealth of information. Andrew Mearman, Economic Issues Over the past two decades there has been a prevailing shift in economic policy in many countries. This reflects the continuing rise of neo-liberalism the doctrine that economic policy should leave it to the market and that governments should retreat from market intervention. This book provides a balanced and comprehensive appraisal of these important policy developments. The authors examine the most notable trends in neo-liberal economic policy such as the withdrawal from the use of fiscal measures and the reliance on monetary policy. They discuss the neo-liberal view that the causes of unemployment lie in the operation of the labour market, in particular its inflexibility. They also assess the increasing inclination towards the liberalisation and deregulation of markets, most notably financial markets. In light of these developments, the authors investigate several specific areas including: an assessment of the theory of credibility financial fragility and the development process a reappraisal of the Rehn Meidner Model for Sweden the economic policy of the Spanish socialist governments the costs of neomonetarism in Brazil macroeconomic policies of the EMU. The contributors expertly illustrate the ways in which neo-liberal policies have been applied and implemented. They also seek to show the shortcomings of the neo-liberal approach and illustrate the different policy models available. As such, this volume will interest and inform academics, economists and policymakers looking for a detailed critique of recent developments in economic policy.
Author : Victor E. Argy
Publisher : Psychology Press
ISBN 13 : 041509822X
Total Pages : 678 pages
Book Rating : 4.4/5 (15 download)
Download or read book International Macroeconomics written by Victor E. Argy and published by Psychology Press. This book was released on 1994 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt: This presents an invaluable, up-to-date review of recent developments in theoretical modelling in open economy macroeconomics as well as international monetary economics.
Author : P. Richard G. Layard
Publisher : Oxford University Press, USA
ISBN 13 : 9780199279166
Total Pages : 686 pages
Book Rating : 4.2/5 (791 download)
Download or read book Unemployment written by P. Richard G. Layard and published by Oxford University Press, USA. This book was released on 2005 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt: This broad survey of unemployment will be a major source of reference for both scholars and students.
Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451853408
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)
Download or read book Technological Change, Relative Wages, and Unemployment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1994-09-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors.
Author : Marco Buti
Publisher : Oxford University Press
ISBN 13 : 9780198294771
Total Pages : 280 pages
Book Rating : 4.2/5 (947 download)
Download or read book Economic Policy in EMU written by Marco Buti and published by Oxford University Press. This book was released on 1998 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the advent of the third and final phase of European and Monetary Union (EMU), the debate over European monetary unification is at the top of the political and economic agenda. Much has been written over the past five years about whether EMU is justified given the various expected benefitsand prospective costs, but there has been little detailed material on how EMU will work and what the practical implications of it will be for Europe as a whole. Economic Policy in EMU is a comprehensive look at the mechanisms involved, likely effects on monetary and budgetary policy, and the ways in which monetary union will deal with and affect business cycles and regional differences. It combines rigorous analysis of how the European economy works withan insider view of how this will change after 1999: as such, it is vital reading for all involved in the most important topic facing Europe today.
Author : Organisation for Economic Co-operation and Development. Secretariat
Publisher : Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.F/5 ( download)
Download or read book Flexibility in the Labour Market written by Organisation for Economic Co-operation and Development. Secretariat and published by Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre. This book was released on 1986 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on four issues raised by the current debate on labour market flexibility: labour costs, external and internal labour market mobility, and concealed employment. Examines the argument that high labour costs and wage inflexibility have priced workers out of the labour market, concluding that while wages are important in explaining unemployment, other factors are also significant. Discusses external labour market mobility (job mobility, geographic mobility and occupational change) as a means of adjusting to structural change, but finds that the link between mobility trends and labour market efficiency is difficult to ascertain. Looks at enterprise level flexibility, covering numerical and functional flexibility of the work force, and, finally, considers the phenomenon of concealed employment as a perverse form of labour market flexibility.
Author : Charles L. Schultze
Publisher : Brookings Institution Press
ISBN 13 : 9780815719045
Total Pages : 116 pages
Book Rating : 4.7/5 (19 download)
Download or read book Other Times, Other Places written by Charles L. Schultze and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economic conditions in the United States and Europe from a historical context.
Author : Mr.Christopher S Adam
Publisher : International Monetary Fund
ISBN 13 : 1513527886
Total Pages : 77 pages
Book Rating : 4.5/5 (135 download)
Download or read book The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence written by Mr.Christopher S Adam and published by International Monetary Fund. This book was released on 2020-01-31 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451814143
Total Pages : 121 pages
Book Rating : 4.4/5 (518 download)
Download or read book United Kingdom written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper addresses issues that arise in designing a framework for inflation targeting, with particular attention to features of the Bank of England's approach and experience. The comparison of welfare reform in the United Kingdom with similar efforts in other countries is discussed. The paper reviews the recent literature and empirical evidence on the main economic considerations influencing possible U.K. entry into the European Monetary Union (EMU). The U.K. labor market has undergone institutional and structural changes contributing to an increase in both aggregate and relative wage flexibility.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451818173
Total Pages : 80 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Baltics and Bulgaria written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-01-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines labor market developments in the four hard-peg European Union (EU) accession candidates during transition, with a view toward understanding the persistent high unemployment experienced in each country. Despite the significant levels of unemployment in all four countries, labor market developments suggest that the strongest and earliest reformers have had the best labor market performance as well. It is crucial that all four countries continue their policies aimed at encouraging investment and job creation. Accession to the EU will present challenges to labor markets.
Author : Chong Yah Lim
Publisher : World Scientific
ISBN 13 : 9814495263
Total Pages : 400 pages
Book Rating : 4.8/5 (144 download)
Download or read book Wages And Wages Policies: Tripartism In Singapore written by Chong Yah Lim and published by World Scientific. This book was released on 1999-03-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of articles written by twenty authors, including three eminent academicians from Australia and Britain. It provides first-hand information on the National Wages Council (NWC), and its contributions, which includes the promotion of tripartism, as an instrument of economic growth. The book is divided into six parts. Part I introduces the book. Part II provides details about the NWC, its operations and its structure. Part III covers the macroeconomic impact of the NWC, including the impact on productivity, competitiveness, investment and growth. Part IV covers the impact of the NWC on wages and the wage system in Singapore. Part V provides a theoretical perspective on the importance of the NWC to productivity growth and productive efficiency. Part VI takes a look at the incomes policy practice of another country in the region, Australia, which provides a good point of reference for the NWC.
Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 145192299X
Total Pages : 300 pages
Book Rating : 4.4/5 (519 download)
Download or read book World Economic Outlook, April 1985 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1985-01-01 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights that the performance of the world economy in 1984 turned out to be considerably better than had been expected at the beginning of the year. Output grew robustly in the industrial countries, especially in the United States and Japan; inflation continued to decline; and developing countries saw a noteworthy improvement both in their balance-of-payments position and in their domestic growth performance. Fears that the debt situation might deteriorate did not materialize.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264181636
Total Pages : 223 pages
Book Rating : 4.2/5 (641 download)
Download or read book Policies Towards Full Employment written by OECD and published by OECD Publishing. This book was released on 2000-04-19 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings of a conference on labour markets. It advances thinking on new policy measures, such as active labour market policies and measures to "make work pay".
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451943725
Total Pages : 140 pages
Book Rating : 4.4/5 (519 download)
Download or read book World Economic and Financial Surveys written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-01-01 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the functioning of labor markets and to eliminate other structural obstacles to noninflationary growth. The decline in the price level in the home country will involve a rise in the real money supply and, if output is sluggish, this will result in an excess supply of money. This, in turn, will lead to a drop in the domestic interest rate and, given foreign interest rates, to a temporary depreciation of the exchange rate. Structural measures could also affect investment and the current account by raising the rate of return on capital in the home country. If capital is internationally mobile, a higher rate of return on capital would result in a rise in investment and a temporary deterioration in the home country’s current account, which will be financed by an inflow of foreign capital. The quantitative impact of financial market deregulation on the economy is rather uncertain.
