Showing 1 - 10 of 101
The purpose of this study is to reexamine two empirical regularities in the Japanese labor market : the constant labor share and Okun's law. The former law relates to the price of labor in the labor market while the latter is a quantity law; they represent suitable benchmarks for judging the...
Persistent link: https://www.econbiz.de/10009363354
There is a broad consensus that the soft US dollar pegs operated by a number of Asian countries prior to 1997 contributed to the regional financial crisis of 1997-98. There is, however, much less agreement on the types of exchange rate regimes operated by many Asian countries since the crisis....
Persistent link: https://www.econbiz.de/10009365426
This article sets out to assess the performance of inflation targeting (IT) frameworks from the perspective of the pass …-through effect of external price shocks into consumer price inflation, focusing on the four East Asian economies which have adopted … then investigate the linkage between inflation-responsive rules and pass-through rates, as suggested by Gagnon and Ihrig …
Persistent link: https://www.econbiz.de/10009365529
Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics have raised doubts about both the quality and sustainability of the increase in service sector activity and its implications for economic development. Using National Accounts...
Persistent link: https://www.econbiz.de/10009363516
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10009363635
The purpose of this paper is to develop a simple model of an economy in which growth is driven by a combination of exogenous technical change in agriculture as well as by a rising world demand for labor-intensive manufactured exports. We explore the relative roles of agricultural innovation and...
Persistent link: https://www.econbiz.de/10009365231
. Deepening stresses in public finance management c. Unabated price inflation, and d. Increasing pressure on the balance of …
Persistent link: https://www.econbiz.de/10009493315
The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …, which tend to increase with age, aggravate the psychological trauma associated with inflation. The decline of traditional …
Persistent link: https://www.econbiz.de/10009363830
debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …
Persistent link: https://www.econbiz.de/10009363856
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914