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This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...
Persistent link: https://www.econbiz.de/10014396111
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Over the past decade, Indonesia has developed into an important regional and global economy, as well as an active … that Indonesia has achieved, while also clearly laying out an agenda of measures that should be taken to safeguard these … indicators, the contributors have delved into the ways that global volatility, especially since 2008, has affected Indonesia and …
Persistent link: https://www.econbiz.de/10014397052
The paper examines labor market developments in the four hard-peg European Union (EU) accession candidates during transition, with a view toward understanding the persistent high unemployment experienced in each country. Despite the significant levels of unemployment in all four countries, labor...
Persistent link: https://www.econbiz.de/10014402526
The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity. The distribution of wage and earnings growth has not been uniform across deciles. A breakdown in employment growth by wage deciles also suggests important composition changes. The...
Persistent link: https://www.econbiz.de/10014407413
The GCC growth model has delivered substantial improvements in living standards over several decades. Access to foreign labor has supported rapid growth in the non-oil sector and price stability in the region. It has also resulted in positive spillovers to the migrant-sending countries through...
Persistent link: https://www.econbiz.de/10014410425
In designing policy measures, including possible social safety nets, targeted to the poor, it is important to fully understand the efficiency implications of these measures. There is abundant macroeconomic literature on their negative effects on the poor’s work effort. The literature, however,...
Persistent link: https://www.econbiz.de/10014396380
Persistent link: https://www.econbiz.de/10004302713
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This paper presents background information on selected aspects of adjustment and growth strategy for Jordan. The paper deals with the key developments in the Jordanian economy since 1989 compared with its developments in the 1970s and 1980s. It presents an overview of Jordan’s economic...
Persistent link: https://www.econbiz.de/10014397328