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Author: United States. Congress. Senate. Committee on Labor and Public Welfare
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Book Description
Author: United States. Congress. Senate. Committee on Labor and Public Welfare
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Book Description
Author: United States. Congress. Senate. Committee on Labor and Public Welfare. Subcommittee on Labor and Labor-Management Relations
Publisher:
ISBN:
Category : Wage-price policy
Languages : en
Pages : 236
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Book Description
Author: United States. Wage Stabilization Board
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 466
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Book Description
Author: Mr.Joe Crowley
Publisher: International Monetary Fund
ISBN: 1451845650
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
A standard open-economy model is used to show that price stabilization programs are more likely to succeed if labor contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs, smaller misalignment of real wages, smaller outflows of reserves, smaller disruptions caused by policy announcements, and a reduced impact of some shocks during price stabilization programs. These results are generally true whether or not capital is mobile and whether or not expectations are rational.
Author: United States. Department of the Treasury. Office of Economic Stabilization
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 832
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Author: United States. Wage Stabilization Board
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 452
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Author: World Institute for Development Economics Research
Publisher: MIT Press
ISBN: 9780262022798
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
Author: United States. National Wage Stabilization Board
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 630
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Author: Arthur Julius Holmaas
Publisher:
ISBN:
Category : Agricultural laborers
Languages : en
Pages : 148
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Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Arbitration, Industrial
Languages : en
Pages : 394
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