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Author :
Publisher :
ISBN 13 : 9783865585967
Total Pages : 0 pages
Book Rating : 4.5/5 (859 download)
Download or read book Price, Wage and Employment Response to Shocks written by and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeanne Tschopp
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (928 download)
Download or read book The Wage Response to Shocks written by Jeanne Tschopp and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Alun H. Thomas
Publisher : International Monetary Fund
ISBN 13 : 1451857535
Total Pages : 27 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States written by Mr.Alun H. Thomas and published by International Monetary Fund. This book was released on 1994-12-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all three areas in that each area’s real wage responds very little to employment shocks. However, the response of the labor force to employment shocks is much greater in the United States compared to Europe. The strong labor force response in the United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results in persistent unemployment rate differentials across British regions and European nations. Europe must therefore adopt measures to reduce barriers to immobility if it is to succeed in moderating the persistence in relative unemployment rates.
Author : Beth Anne Wilson
Publisher :
ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.:/5 (329 download)
Download or read book The Response of Wages and Employment to Economic Shocks written by Beth Anne Wilson and published by . This book was released on 1995 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jordi Galí
Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Author : Rochelle Mary Edge
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)
Download or read book The Responses of Wages and Prices to Technology Shocks written by Rochelle Mary Edge and published by . This book was released on 2003 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alun Huw Thomas
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (143 download)
Download or read book The response of wages and labor supply movements to employment shocks across Europa and the United States written by Alun Huw Thomas and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonardo Leiderman
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (61 download)
Download or read book The Response of Real Wages to Money Shocks written by Leonardo Leiderman and published by . This book was released on 1980 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alun Huw Thomas
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (868 download)
Download or read book The Response of Wages and Labor Supply Movements to Employment Shocks Accross Europe and the United States written by Alun Huw Thomas and published by . This book was released on 1994 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Magda E. Kandil
Publisher : International Monetary Fund
ISBN 13 : 1451858019
Total Pages : 38 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Wage-Price Spiral written by Ms.Magda E. Kandil and published by International Monetary Fund. This book was released on 2003-08-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During economic expansions, the overlap of nominal adjustments in labor and product markets prolongs output expansion while maintaining or increasing the standard of living. In contrast, structural and institutional settings appear to have moderated the severity of the effects of contractionary demand shocks on real output growth and the standard of living in the variety of countries under investigation.
Author : Leonardo LEIDERMAN
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book THE RESPONSE OF REAL WAGES TO MONEY SHOCKS- EVIDENCE IN THE LIGHT OF EQUILIBRIUM THEORIES OF THE BUSINESS written by Leonardo LEIDERMAN and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1455210862
Total Pages : 29 pages
Book Rating : 4.4/5 (552 download)
Download or read book A Noteon Terms of Trade Shocks and the Wage Gap written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a skilled-intensive non-tradable sector we show that improvements in the terms of trade benefit skilled workers. We also show that this relation holds at the industry level: the wage gap widens in skilled-intensive sectors while it shrinks in unskilled-intensive ones, the more so as terms of trade volatility decreases.
Author : Harald Hau
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (96 download)
Download or read book Firm Response to Competitive Shocks written by Harald Hau and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Selahattin Dibooglu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Do Real Wages Respond Asymmetrically to Unemployment Shocks? Evidence from the U.S. And Canada written by Selahattin Dibooglu and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a set of cointegration and error correction models with asymmetric adjustment, this paper investigates aggregate labor market adjustment in the U.S. and Canada in the post-1973 period. Empirical results show real wages, productivity, and unemployment are cointegrated. Adjustment towards the long-run equilibrium seems to be linear for the U.S. and non-linear for Canada. The dynamic adjustment of real wages to unemployment and productivity shocks show markedly different responses to positive shocks than negative shocks in Canada. However adjustment in the U.S. is mostly symmetric. This difference between the U.S. and Canadian real wage responses may provide an answer to the recent divergence of unemployment rates between the U.S. and Canada.
Author : David De la Croix
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (95 download)
Download or read book Employment Response to Supply and Demand Shocks Under Externalities in Wage Formation written by David De la Croix and published by . This book was released on 1992 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stanley Fischer
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.0/5 ( download)
Download or read book Supply Shocks, Wage Stickiness, and Accommodation written by Stanley Fischer and published by . This book was released on 1983 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main issue discussed in the supply shock literature that followed the oil and food price shocks of the seventies was whether to accommodate. The supply shock reduces the equilibrium level of output, and monetary policy can not affect that. But in the seventies supply shocks were also followed by recessions. The question is whether monetary policy can and should be used to prevent such recessions. The paper analyzes the conditions underwhich a suppiy shock will result in recession, and the potential for monetary policy to offset the fall in output. The basic result is that a pure supply shock need not resultin a recession if the money stock is held constant.Aggregate demand effects associated with the supply shock--including the effectsof monetary policy attempts to fight the inflation caused by the supply shock--may cause a recession, as also may real wage resistance by workers. The choice of policy response to the supply shock then turns on the same basic issues as counter-cyclical policy in general, particularly the relative costs of inflation and unemployment.
Author : Mr.Joe Crowley
Publisher : International Monetary Fund
ISBN 13 : 1451845650
Total Pages : 35 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Effects of Forward-Versus Backward-Looking Wage Indexationon Price Stabilization Programs written by Mr.Joe Crowley and published by International Monetary Fund. This book was released on 1997-04-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
