Author: Bernd Christoph StröhmPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Inflation and Counter-inflationary Policy Measures: The Case of Croatia
Author: Bernd Christoph StröhmPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Inflation and Counter-inflationary Policy Measures: The Case of Spain
Author: Norge UxóInflation and Counter-inflationary Policy Measures: The Case of Hungary
Author: Tamás SzemlérInflation and Counter-inflationary Policy Measures: The Case of Italy
Author: Giuseppe SimoneInflation and Counter-inflationary Policy Measures
Author: Maciej J. GrodzickiPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Inflation in Austria started to rise from mid-2021 during recovery from the CORONA crisis. The Russian invasion in Ukraine and the heavy increases in energy prices made things worse and brought inflation to over 10%. The government did not enter direct formal negotiations with social partners but subsequent anti-inflation packages met many demands made by social partners. The attempt to influence wage negotiations via a tax exemption for one-off payments failed as they were not widely used in collective agreements. One-off payments are not suitable to compensate for permanent real wage losses. Current wage negotiations are tougher than usual, requiring long negotiation rounds including the thread of industrial action. The policy of unions to base their demand on past inflation allows for a substantial delay in nominal wage increases. The government has not yet included more structural reforms to fight high inflation, like direct price controls, changes to the design of markets, or reforms of the automatic housing rent indexation. The wage setting system in Austria is still working but it will remain difficult to reach agreements, especially as a substantial part of the real wage losses has to be recovered over the coming years. A stronger use of regulatory measures and direct public involvement in the energy, housing and potentially the food price sector might be required if the current energy supply crisis and the transformation to a low carbon economy should be managed in the future.
Inflation and Counter-inflationary Policy Measures: The Case of Greece
Author: Chrēstos PierrosInflation and Counter-inflationary Policy Measures: The Case of France
Author: Mathieu PlaneInternational Macroeconomics in the Wake of the Global Financial Crisis
Author: Laurent FerraraPublisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 300
Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Revitalizing the Jamaican Economy
Author: Inter-American Development BankPublisher: IDB
ISBN: 193100384X
Category : Jamaica
Languages : en
Pages : 309
Book Description
Coordination of Monetary and Fiscal Policies
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451844239
Category : Business & Economics
Languages : en
Pages : 33
Book Description
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.