Why Has Inflation in the United States Remained So Low? Reassessing the Importance of Labor Costs and the Price of Imports PDF Download
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Author: Mr.Stephen Tokarick
Publisher: International Monetary Fund
ISBN: 1451856873
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
This paper examines some of the factors that have been influential in keeping inflation low in the United States during 1995–98, despite strong growth and high levels of employment. Our results identify three important variables: declines in import prices, a slowdown in the growth of nonwage labor compensation, and a decline in labor costs. We also reassess the role of labor costs and import prices in determining price inflation.
Author: Mr.Stephen Tokarick
Publisher: International Monetary Fund
ISBN: 1451856873
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
This paper examines some of the factors that have been influential in keeping inflation low in the United States during 1995–98, despite strong growth and high levels of employment. Our results identify three important variables: declines in import prices, a slowdown in the growth of nonwage labor compensation, and a decline in labor costs. We also reassess the role of labor costs and import prices in determining price inflation.
Author: Jorge A. Chan-Lau
Publisher:
ISBN:
Category : Imports
Languages : en
Pages : 30
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557759801
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
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.
Author: Roberto Ciccone
Publisher: Routledge
ISBN: 113671541X
Category : Business & Economics
Languages : en
Pages : 371
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Book Description
Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.
Author: Sean Creaven
Publisher: Taylor & Francis
ISBN: 100381817X
Category : Social Science
Languages : en
Pages : 333
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Book Description
Modernity and the Pandemic: Decivilization, Imperialism, and COVID-19 applies the tools of critical social theory to make sense of the COVID-19 crisis and presents a critical sociological analysis of aspects of the political and community response to the pandemic. The book focuses on key themes integral to a sociology of pandemics in the ‘global’ age. Firstly, Creaven argues that cultures of individualism and consumerism, and of pervasive and deeply entrenched social inequalities (i.e. decivilization) significantly weaken the cause of public health by weakening the compliance of people with state-mandated non-pharmaceutical interventions (including and especially physical distancing rules) and encouraging vaccine hesitancy. Secondly, Creaven examines how interstate competition and imperial politics has undermined an effective global policy response to the COVID-19 pandemic. Policy failure with regard to the management of the pandemic is interpreted as being rooted in the dominance of neoliberal ideology and governance in the politics of international relations, particularly in the politics of the leading state actors, by protection of corporate interests at the expense of public health, and in the constraints imposed on state actors by the competitive dynamic of multinational capitalism in the ‘global’ age. Modernity and the Pandemic will appeal to scholars in the humanities and social sciences with interests in neoliberalism and its social, cultural and epidemiological impacts.
Author: Alan S. Blinder
Publisher: Elsevier
ISBN: 1483264564
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
Author: Jesper Lindé
Publisher: International Monetary Fund
ISBN: 1484306112
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitatively important long-term deviations under complete international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a unilaterally imposed border adjustment tax can prevent any real or nominal effects.
Author: Laurent Ferrara
Publisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 300
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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.
Author: International Labour Office. Bureau of Library and Information Services
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 522
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Book Description
Author: Steven Kamin
Publisher:
ISBN:
Category : Deflation (Finance)
Languages : en
Pages : 78
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Book Description
