Price-wage Dynamics and the Transmission of Inflation in Socialist Economies PDF Download
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Author: Simon Commander
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 50
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Book Description
Nominal anchors - particularly wage restraints - are important in stabilization programs in reforming socialist economies. Without conventional equilibrating mechanisms and effective market restraints on wages, monopolistic pricing can result in powerful inflationary pressures and higher-than-warranted output costs.
Author: Simon Commander
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 50
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Book Description
Nominal anchors - particularly wage restraints - are important in stabilization programs in reforming socialist economies. Without conventional equilibrating mechanisms and effective market restraints on wages, monopolistic pricing can result in powerful inflationary pressures and higher-than-warranted output costs.
Author: Vizhdan Boranova
Publisher: International Monetary Fund
ISBN: 1513521276
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations, greater competitive pressures, and robust corporate profitability. Thus the recent pickup in wage growth is likely to have a more muted impact on inflation than in the past.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 29
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Book Description
Author: William Easterly
Publisher: World Bank Publications
ISBN:
Category : Budgetunderskud
Languages : en
Pages : 78
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Book Description
Politica macroeconomica y analisis de las cuentas del sector publico entre 1970-87, balance con relacion a las exportaciones de cafe, deficit fiscal, inflacion y tasas de interes.
Author: Mr.Carlo Cottarelli
Publisher: International Monetary Fund
ISBN: 9781557756992
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation in transition economies are taken up in this book, edited by Carlo Cottarelli and Gyorgy Szapáry.
Author: Patrick J. Conway
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
Author:
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 340
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Book Description
Author: Carlos Alfredo Rodriguez
Publisher: World Bank Publications
ISBN:
Category : Budget deficits
Languages : en
Pages : 46
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Book Description
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Author: Mr.Mark E. L. Griffiths
Publisher: International Monetary Fund
ISBN: 1451967438
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.
