The Macroeconomic Consequences Of Wage Indexation Revisited
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The Macroeconomic Consequences Of Wage Indexation Revisited
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Author : Mr.Esteban Jadresic
language : en
Publisher: International Monetary Fund
Release Date : 1998-02-01
The Macroeconomic Consequences Of Wage Indexation Revisited written by Mr.Esteban Jadresic and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-02-01 with Business & Economics categories.
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.
Research Activities Of The Imf January 1991 December 1998
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-24
Research Activities Of The Imf January 1991 December 1998 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-24 with Business & Economics categories.
A selective index of major research papers prepared by IMF staff in 1991-98.
Research Activities Of The Imf January 1991 December 1999
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-01-01
Research Activities Of The Imf January 1991 December 1999 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
Imf Staff Papers Volume 45 No 2
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1998-01-01
Imf Staff Papers Volume 45 No 2 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.
This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.
International Labour Documentation
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Author : International Labour Office. Central Library and Documentation Branch
language : en
Publisher:
Release Date : 1998
International Labour Documentation written by International Labour Office. Central Library and Documentation Branch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Labor categories.
Imf Survey
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 1998
Imf Survey written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with International finance categories.
Working Paper Series
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Author :
language : en
Publisher:
Release Date : 1998
Working Paper Series written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Economics categories.
Imf Staff Papers Volume 50 No 1
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Author : Mr.Robert P. Flood
language : en
Publisher: International Monetary Fund
Release Date : 2003-04-17
Imf Staff Papers Volume 50 No 1 written by Mr.Robert P. Flood and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04-17 with Business & Economics categories.
Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?
Document De Travail
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Author :
language : en
Publisher:
Release Date : 2001
Document De Travail written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Canada categories.
Indexed Units Of Account
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Author : Robert J. Shiller
language : en
Publisher:
Release Date : 1998
Indexed Units Of Account written by Robert J. Shiller and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Money categories.
An indexed unit of account is a money analogue, used to express prices; the unit's purchasing power is defined by an index. Indexed units of account are not true money in that they are not used as a medium of exchange. The first successful indexed unit of account Unidad de Fomento (UF) has been used in Chile since 1967, and has been copied in Colombia Ecuador, Mexico, and Uruguay. The reasons for creating such units are discussed from the standpoint of monetary theory. The experience with such units in Chile is discussed. It is argued that important practical problems in implementing indexation were solved by creating such" indexed units of account. The existing indexed units of accounts may not be ideal for all purposes, however, and alternative definitions of the units, relating the units to measures of income, may also be advantageous. The indexed units of account might someday be monetized, i.e., institutions such as debit cards may be devised to allow the units to be used for all transactions, so that the role of conventional money might be reduced to clearing-house functions only.