What Type Of Contracts Underlie Aggregate Wage Dynamics PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download What Type Of Contracts Underlie Aggregate Wage Dynamics PDF full book. Access full book title What Type Of Contracts Underlie Aggregate Wage Dynamics.
| Author | : Mr.Esteban Jadresic |
| Publisher | : International Monetary Fund |
| Total Pages | : 30 |
| Release | : 1997-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1451961626 |
Download What Type of Contracts Underlie Aggregate Wage Dynamics? Book in PDF, ePub and Kindle
This paper shows that it is possible to estimate the importance of different types of wage contracts at the aggregate level using the same data used to estimate standard Phillips curves. It finds that the behavior of the Chilean private aggregate wage during the 1980s is well described by two-year contracts that are revised every six months according to 100 percent of past inflation. The estimates also show that the unemployment rate was a strong determinant of the contract’s target real wage and that most wage negotiations were carried through during the first half of every year. The results prove robust to a variety of tests and fit the data better than standard Phillips curves.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 1997 |
| Genre | : |
| ISBN | : |
Download What Type of Contracts Underlie Aggregate Wage Dynamics?. Book in PDF, ePub and Kindle
| Author | : Esteban Jadresic |
| Publisher | : |
| Total Pages | : 29 |
| Release | : 1997 |
| Genre | : |
| ISBN | : |
Download What Type of Contracts Underlie Aggreagate Wage Dynamics? Book in PDF, ePub and Kindle
| Author | : Mr.Esteban Jadresic |
| Publisher | : International Monetary Fund |
| Total Pages | : 55 |
| Release | : 1998-02-01 |
| Genre | : Business & Economics |
| ISBN | : 1451843232 |
Download The Macroeconomic Consequences of Wage Indexation Revisited Book in PDF, ePub and Kindle
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.
| Author | : Mr.Esteban Jadresic |
| Publisher | : International Monetary Fund |
| Total Pages | : 36 |
| Release | : 1998-08-01 |
| Genre | : Business & Economics |
| ISBN | : 145194103X |
Download Macroeconomic Performance Under Alternative Exchange Rate Regimes Book in PDF, ePub and Kindle
This paper reexamines the macroeconomic effects of wage indexation in an open economy under alternative exchange rate regimes. The main finding is that, once the lags in actual indexation rules are considered, wage indexation affects output behavior substantially less than posited in the previous academic literature. This result implies that the academic view that wage indexation makes a flexible exchange rate generally preferable is unwarranted and suggests that the choice of exchange rate regime with and without wage indexation depends on similar factors. The analysis also reveals that the net effects of wage indexation on macroeconomic stability are ambiguous.
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 120 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451973462 |
Download IMF Staff papers, Volume 44 No. 3 Book in PDF, ePub and Kindle
This paper studies the case of Mexico to examine determinants of banking system fragility. The paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions, and potential contagion effects. The methodology allows the variables that determine bank failure to differ from those that influence banks’ time to failure (or survival rate). Based on the indicators of fragility of individual banks, the paper constructs an index of fragility for the banking system. The framework is applied to the Mexican financial crisis that began in 1994.
| Author | : International Monetary Fund. External Relations Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 458 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451937504 |
Download IMF Survey Book in PDF, ePub and Kindle
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 124 |
| Release | : 1999-09-24 |
| Genre | : Business & Economics |
| ISBN | : 9781557758606 |
Download Research Activities of the IMF, January 1991-December 1998 Book in PDF, ePub and Kindle
A selective index of major research papers prepared by IMF staff in 1991-98.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 145 |
| Release | : 1999-04-09 |
| Genre | : Business & Economics |
| ISBN | : 1451807473 |
Download Chile Book in PDF, ePub and Kindle
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 144 |
| Release | : 2000-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781557759801 |
Download Research Activities of the IMF, January 1991-December 1999 Book in PDF, ePub and Kindle
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.
