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How Consumer Price Subsidies Affect Nutrition

Kaushal, Neeraj - 2014

We study the effect on nutrition of an exogenous increase in food grain subsidy in rural India resulting from a program … targeting the poor. Our analysis suggests that increase in income resulting from the food price subsidy changed consumption … subsidy to expenditures on non-food items. Estimates of the price effect of food price subsidy on the three measures of …

Persistent link: https://www.econbiz.de/10013063052

Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery

Dooley, Michael P. - 2012

This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...

Persistent link: https://www.econbiz.de/10013103790

Comparing Real Wages

Ashenfelter, Orley - 2012

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

Persistent link: https://www.econbiz.de/10013107514

Jobless Recoveries During Financial Crises : Is Inflation the Way Out?

Calvo, Guillermo A. - 2013

This paper discusses three policy tools to mitigate jobless recoveries during financial crises: inflation, real currency depreciation, and credit-recovery policies. Using a sample of financial crises in Emerging Market economies, we document that large inflationary spikes appear to help...

Persistent link: https://www.econbiz.de/10013072345

Wage Adjustment in the Great Recession

Elsby, Michael - 2013

Using 1979-2011 Current Population Survey data for the United States and 1975-2011 New Earnings Survey data for Great Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are procyclical in both countries, but the procyclicality of real...

Persistent link: https://www.econbiz.de/10013075418

Capital Market Integration and Wages

Henry, Peter Blair - 2010

For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries. The temporary increase in...

Persistent link: https://www.econbiz.de/10013151651

Identifying Government Spending Shocks : It's All in the Timing

Ramey, Valerie A. - 2009

Do shocks to government spending raise or lower consumption and real wages? Standard VAR identification approaches show a rise in these variables, whereas the Ramey-Shapiro narrative identification approach finds a fall. I show that a key difference in the approaches is the timing. Both...

Persistent link: https://www.econbiz.de/10013155114

Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012838354

Capital Account Liberalization, Real Wages, and Productivity

Henry, Peter Blair - 2008

For three years after the typical developing country opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of seven. No such increase occurs in a control group of developing countries. The temporary...

Persistent link: https://www.econbiz.de/10012772368

Global Rebalancing with Gravity : Measuring the Burden of Adjustment

Dekle, Robert - 2008

We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the...

Persistent link: https://www.econbiz.de/10012772425

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