Author: Palle Schelde AndersenPublisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 104
Book Description
Real Wages, Inflation and Unemployment
Author: Palle Schelde AndersenPublisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 104
Book Description
Unemployment and Inflation
Author: MichaelJ. PiorePublisher: Routledge
ISBN: 1351537903
Category : Business & Economics
Languages : en
Pages : 433
Book Description
Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.
Real Wages, Inflation and Unemployment in the Open Economy
Author: Employment and the Great Recession
Author: Mr.Bas B. BakkerPublisher: International Monetary Fund
ISBN: 151350410X
Category : Business & Economics
Languages : en
Pages : 60
Book Description
This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of adjustment of real wages and the impact this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real wages adjusted when the economy slowed down. But in some countries real wage growth stayed too high for too long. The result was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust adequately.
The Wage-inflation-unemployment Nexus
Author: Robert KylohPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 78
Book Description
Wage Inflation
Author: Wayne VromanPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
Book Description
Real Wages, Inflation and Unemployment
Author: Palle Schelde Andersen (deceased)Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper summarises the main features of an expectations-augmented Phillips curve with accompanying mark-up price equations. The empirical counterparts for six countries are presented. Even though preliminary, the results are relatively satisfactory in terms of statistical fit and a priori expectations with respect to the sign and size of the parameters. However, in periods when both inflation and unemployment have increased far above historical trends, it is somewhat unsatisfactory to assume that the level of unemployment is exogenous and independent of the inflation process. Moreover, considering the simultaneous changes in relative prices and real wages, there would seem to be some merit in incorporating these variables - directly and indirectly - in the wage formation process.
Notes on Real Wages and Unemployment
Author: Richard WoodPublisher:
ISBN:
Category : Employment (Economic theory).
Languages : en
Pages : 50
Book Description
Inflation and Unemployment
Author: Victor E. ArgyPublisher: Routledge
ISBN: 1317216784
Category : Business & Economics
Languages : en
Pages : 444
Book Description
Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Inflation and Unemployment
Author: Samuel A. MorleyPublisher:
ISBN: 9780030410161
Category : Business & Economics
Languages : en
Pages : 214
Book Description