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The Impact of Introducing a Minimum Wageon Business Cycle Volatility; A Structural Analysis for Hong Kong SAR
International Monetary Fund (IMF); International … - 2008
.2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to … wage inflation or unit labor cost growth is preferable, largely preserving labor market flexibility. …
Persistent link: https://www.econbiz.de/10005263930
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Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium
International Monetary Fund - 1994
emerge: (i) the long-term unemployed do not exert a negative impact on wages; and (ii) there is some evidence that the … than those of the unemployed “outsiders.” In addition, it is argued that the automatic indexation of wages to prices in … Belgium can cause a downward rigidity in real wages, given the multi-tier real wage bargaining process. Recent initiatives …
Persistent link: https://www.econbiz.de/10014398156
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Exchange Rate and the Price Level in Socialist Economies
International Monetary Fund - 1990
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the...
Persistent link: https://www.econbiz.de/10014396482
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Spain; 2003 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Spain...
International Monetary Fund (IMF); International … - 2004
Although not escaping the global slowdown, the Spanish economy has weathered it relatively well. The discussions focused on minimizing short-term risks and on identifying the structural reform priorities for the next government. However, household indebtedness has continued to rise rapidly,...
Persistent link: https://www.econbiz.de/10005591236
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Cyprus; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper and Statistical Appendix analyzes labor market institutions and reforms for Cyprus. The paper describes the legal and institutional framework of the Cypriot labor market, and discusses the voluntary framework for negotiations, the degree of unionization and the system...
Persistent link: https://www.econbiz.de/10005598850
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Islamic Republic of Iran; Statistical Appendix
International Monetary Fund (IMF); International … - 2006
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011243593
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Policy Reform, Shadow Prices, and Market Prices
International Monetary Fund - 1988
How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how...
Persistent link: https://www.econbiz.de/10014396134
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Turkey; 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Reports; Staff Supple...
International Monetary Fund (IMF); International … - 2005
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
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Euro Area Policies; Selected Issues
International Monetary Fund (IMF); International … - 2003
An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the...
Persistent link: https://www.econbiz.de/10005824959
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Lithuania; Recent Economic Developments
International Monetary Fund (IMF); International … - 1996
This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020