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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …
Persistent link: https://www.econbiz.de/10011245903
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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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Can the Release of a Monetary Overhang Trigger Hyperinflation?
Osband, Kent; Lin, Shoukang - International Monetary Fund (IMF) - 1992
It is widely feared that, once prices are decontrolled in the formerly centrally–planned economies, households’ release of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country’s fiscal, monetary, and labor market policies are...
Persistent link: https://www.econbiz.de/10005264162
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Nominal Income Targeting; A Critical Evaluation
Argy, Victor E. - International Monetary Fund (IMF) - 1991
This paper evaluates the proposal that government authorities ought to target nominal income. It begins by viewing the literature in some detail. It then undertakes a theoretical analysis of the proposal first for the small country and next for the large country. There is then a general...
Persistent link: https://www.econbiz.de/10005825863
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Inflation Determinants in Paraguay; Cost Push Versus Demand Pull Factors
Monfort, Brieuc; Peña, Santiago - International Monetary Fund (IMF) - 2008
This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory … of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results … suggest that monetary factors, in particular currency in circulation, play a major role in determining long-run inflation …
Persistent link: https://www.econbiz.de/10005826475
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The Wage-Price Spiral; Industrial Country Evidence and Implications
Kandil, Magda E. - International Monetary Fund (IMF) - 2003
Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During...
Persistent link: https://www.econbiz.de/10005599403
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Cost of Living Adjustment and Business Cycles; Disaggregated Evidence
Kandil, Magda E. - International Monetary Fund (IMF) - 2000
For a sample of US industries, nominal wage and price inflation follow aggregate price inflation closely during … contras to producers’ attempt to maintain, or even increase, industrial real price inflation during recessions. Consistently …
Persistent link: https://www.econbiz.de/10005599427
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Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy
Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 1992
behavior, the fiscal deficit, inflation and the capital stock. Wage controls have been widely advocated as a response to the … capital decumulation and reduce inflation, since wage moderation implies higher government revenues from the profit tax and … degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection …
Persistent link: https://www.econbiz.de/10005605209
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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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GEM; A New International Macroeconomic Model
Bayoumi, Tamim; Faruqee, Hamid; Laxton, Douglas; Karam, … - International Monetary Fund (IMF) - 2004
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952