The Employment And Wage Effects Of Oil Changes

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The Employment and Wage Effects of Oil Price Changes

Author : Mr.Eswar Prasad
Publisher : International Monetary Fund
ISBN 13 : 1451845510
Total Pages : 37 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Employment and Wage Effects of Oil Price Changes by : Mr.Eswar Prasad

Download or read book The Employment and Wage Effects of Oil Price Changes written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1995-04-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we use micro panel data to examine the effects of oil price changes on employment and real wages, at the aggregate and industry levels. We also measure differences in the employment and wage responses for workers differentiated on the basis of skill level. We find that oil price increases result in a substantial decline in real wages for all workers, but raise the relative wage of skilled workers. The use of panel data econometric techniques to control for unobserved heterogeneity is essential to uncover this result, which is completely hidden in OLS estimates. We find that changes in oil prices induce changes in employment shares and relative wages across industries. However, we find little evidence that oil price changes cause labor to consistently flow into those sectors with relative wage increases.

International Dimensions of Monetary Policy

Author : Jordi Galí
Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí

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.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

Author : Mr. Kangni R Kpodar
Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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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.

Created Unequal

Author : James K. Galbraith
Publisher : University of Chicago Press
ISBN 13 : 9780226278797
Total Pages : 390 pages
Book Rating : 4.2/5 (787 download)

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Book Synopsis Created Unequal by : James K. Galbraith

Download or read book Created Unequal written by James K. Galbraith and published by University of Chicago Press. This book was released on 2000-12-15 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strong U.S. economy in the late 1990s has validated the bold thesis of this book. Created Unequal shows that America's historically high inequality of pay and incomes is not the result of impersonal market forces such as technology or trade, but of bad economic policies over several decades and the poor performance they created. Featuring a new preface on the improvements since 1994, Created Unequal is a rousing book that reminds us we can reclaim our country through economic understanding, commonsense policy, and political action.

IMF Staff Papers, Volume 51, No. 2

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 9781589063235
Total Pages : 224 pages
Book Rating : 4.0/5 (632 download)

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Book Synopsis IMF Staff Papers, Volume 51, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 51, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-07-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.

Commodities

Author : M. A. H. Dempster
Publisher : CRC Press
ISBN 13 : 1000784045
Total Pages : 864 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Commodities by : M. A. H. Dempster

Download or read book Commodities written by M. A. H. Dempster and published by CRC Press. This book was released on 2022-12-09 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since a major source of income for many countries comes from exporting commodities, price discovery and information transmission between commodity futures markets are key issues for continued economic development. Commodities: Fundamental Theory of Futures, Forwards, and Derivatives Pricing, Second Edition covers the fundamental theory of and derivatives pricing for major commodity markets, as well as the interaction between commodity prices, the real economy, and other financial markets. After a thoroughly updated and extensive theoretical and practical introduction, this new edition of the book is divided into five parts – the fifth of which is entirely new material covering cutting-edge developments. Oil Products considers the structural changes in the demand and supply for hedging services that are increasingly determining the price of oil Other Commodities examines markets related to agricultural commodities, including natural gas, wine, soybeans, corn, gold, silver, copper, and other metals Commodity Prices and Financial Markets investigates the contemporary aspects of the financialization of commodities, including stocks, bonds, futures, currency markets, index products, and exchange traded funds Electricity Markets supplies an overview of the current and future modelling of electricity markets Contemporary Topics discuss rough volatility, order book trading, cryptocurrencies, text mining for price dynamics and flash crashes

IMF Working Paper

Author :
Publisher :
ISBN 13 :
Total Pages : 678 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis IMF Working Paper by :

Download or read book IMF Working Paper written by and published by . This book was released on 1995 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Globalization, Technological Change, and Labor Markets

Author : Stanley W. Black
Publisher : Springer Science & Business Media
ISBN 13 : 1461549655
Total Pages : 336 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Globalization, Technological Change, and Labor Markets by : Stanley W. Black

Download or read book Globalization, Technological Change, and Labor Markets written by Stanley W. Black and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, Technological Change and Labor Markets is an edited collection of papers drawn from the conference held at the American Institute for Contemporary German Studies in June 1997. This conference brought German and American perspectives to bear on the complex issues of global competition, technological change, and labor markets in the welfare state. The contributions are organized into five sections dealing with various aspects of the problem: (1) Macroeconomic Perspectives; (2) Microeconomic Aspects; (3) the German Model of Labor Relations; (4) the Social Market Economy; and (5) Trade Policy and Environmental and Labor Standards. This edited collection seeks to explore many of the key issues surrounding the debate over the impact of globalization and technological change on labor markets in Europe and the United States. `This volume provides path-breaking insights as to why globalization has wreaked havoc on the welfare states that had once propelled Western Europe and North America to an unprecedented standard of living throughout the post-war period. The high level of scholarship contained in the individual chapters forms a compelling argument that will convince even the most resistant skeptics that the days of the classic welfare state are numbered. More importantly, this book is filled with concrete suggestions based on careful economic analysis as to how technological change and globalization can be harnessed in conjunction with a new role of the state to provide a high standard of living.' David B. Audretsch, Ameritech Chair of Economic Development, Indiana University

Government-sponsored Research on Foreign Affairs

Author :
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Government-sponsored Research on Foreign Affairs by :

Download or read book Government-sponsored Research on Foreign Affairs written by and published by . This book was released on 1981 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Import Allocations, Hearings Before ... 88-2 on the Impact of the System of Allocations of Crude Oil Under the Mandatory Oil Import Program on Small Business Refiners, August 10 and 11, 1964

Download Oil Import Allocations, Hearings Before ... 88-2 on the Impact of the System of Allocations of Crude Oil Under the Mandatory Oil Import Program on Small Business Refiners, August 10 and 11, 1964 PDF Online Free

Author : United States. Congress. Senate. Select Committee on Small Business
Publisher :
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Oil Import Allocations, Hearings Before ... 88-2 on the Impact of the System of Allocations of Crude Oil Under the Mandatory Oil Import Program on Small Business Refiners, August 10 and 11, 1964 by : United States. Congress. Senate. Select Committee on Small Business

Download or read book Oil Import Allocations, Hearings Before ... 88-2 on the Impact of the System of Allocations of Crude Oil Under the Mandatory Oil Import Program on Small Business Refiners, August 10 and 11, 1964 written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1964 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Government-sponsored Research on Foreign Affairs

Author : United States. Department of State. Office of Long-Range Assessments and Research
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Government-sponsored Research on Foreign Affairs by : United States. Department of State. Office of Long-Range Assessments and Research

Download or read book Government-sponsored Research on Foreign Affairs written by United States. Department of State. Office of Long-Range Assessments and Research and published by . This book was released on 1981 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commodity Markets and the Global Economy

Author : Blake C. Clayton
Publisher : Cambridge University Press
ISBN 13 : 1107042518
Total Pages : 215 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Commodity Markets and the Global Economy by : Blake C. Clayton

Download or read book Commodity Markets and the Global Economy written by Blake C. Clayton and published by Cambridge University Press. This book was released on 2016 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a clear-eyed analysis of questions at the intersection of commodity markets, natural resource economics, and public policy.

Skill Heterogeneity and Aggregation Bias Over the Business Cycle

Author : Mr.Eswar Prasad
Publisher : International Monetary Fund
ISBN 13 : 1451854439
Total Pages : 30 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Skill Heterogeneity and Aggregation Bias Over the Business Cycle by : Mr.Eswar Prasad

Download or read book Skill Heterogeneity and Aggregation Bias Over the Business Cycle written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1995-11-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the equilibrium business cycle framework to incorporate ex ante skill heterogeneity among workers. Consistent with the empirical evidence, skilled and unskilled workers in the model face the same degree of cyclical variation in real wages although unskilled workers are subject to substantially higher procyclical variation in employment. Systematic cyclical changes in the average skill level of employed workers are shown to induce bias in aggregate measures of cyclical variation in the labor input, productivity, and the real wage. The introduction of skill heterogeneity improves the model’s ability to match the empirical correlation between total hours and the real wage but the correlation between total hours and labor productivity remains higher than in the data.

Italy

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451819714
Total Pages : 182 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Italy by : International Monetary Fund

Download or read book Italy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-08-05 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper describes stylized facts, institutions, and directions for reform in the Italian labor market. The paper examines developments in aggregate features of the labor market. It highlights that during the latest cyclical recovery, total employment has remained stagnant and the unemployment rate has not declined despite modest output growth. The paper examines different features of labor market developments from a longer-term perspective, reviewing developments in regional labor markets as well as the evolutions of employment shares and relative wages across sectors. The paper also describes the Italian social protection system.

U.S. Employment Effects of a North American Free Trade Agreement

Author : Gregory K. Schoepfle
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis U.S. Employment Effects of a North American Free Trade Agreement by : Gregory K. Schoepfle

Download or read book U.S. Employment Effects of a North American Free Trade Agreement written by Gregory K. Schoepfle and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monthly Labor Review

Author :
Publisher :
ISBN 13 :
Total Pages : 502 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Monthly Labor Review by :

Download or read book Monthly Labor Review written by and published by . This book was released on 1995 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Energy Resources and Systems

Author : Tushar K. Ghosh
Publisher : Springer Science & Business Media
ISBN 13 : 9048123836
Total Pages : 784 pages
Book Rating : 4.0/5 (481 download)

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Book Synopsis Energy Resources and Systems by : Tushar K. Ghosh

Download or read book Energy Resources and Systems written by Tushar K. Ghosh and published by Springer Science & Business Media. This book was released on 2009-06-04 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the lifetimes of the authors, the world and especially the United States have received three significant “wake-up calls” on energy production and consumption. The first of these occurred on October 15, 1973 when the Yom Kippur War began with an attack by Syria and Egypt on Israel. The United States and many western countries supported Israel. Because of the western support of Israel, several Arab oil exporting nations imposed an oil embargo on the west. These nations withheld five million barrels of oil per day. Other countries made up about one million barrels of oil per day but the net loss of four million barrels of oil production per day extended through March of 1974. This represented 7% of the free world’s (i. e. , excluding the USSR) oil production. In 1972 the price of crude oil was about $3. 00 per barrel and by the end of 1974 the price of oil had risen by a factor of 4 to over $12. 00. This resulted in one of the worst recessions in the post World War II era. As a result, there was a movement in the United States to become energy independent. At that time the United States imported about one third of its oil (about five million barrels per day). After the embargo was lifted, the world chose to ignore the “wake-up call” and went on with business as usual.