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National Food Authority's (NFA) twin mandate of price stabilization and food security has cost the government billions of pesos in losses over the past few decades. As such, there is a need to reexamine the NFA to determine whether the benefits gained from its continued operation justifies the...
Persistent link: https://www.econbiz.de/10009651098
The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less...
Persistent link: https://www.econbiz.de/10005248306
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
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The effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages are analysed over the course … of the agricultural production cycle. It is shown theoretically that a forecast of good weather can lower wages in the …-stage wages. Indian household panel data describing early-season migration and district-level planting- and harvest-stage wages …
Persistent link: https://www.econbiz.de/10010945520
secondary sources to assemble two new databases on wages and commodity prices to establish a new regional consumer price index …This paper presents new estimations of wages for Normandy between 1600 and 1850. We used a vast array of primary and … resulting labour shortage, led to a convergence of wages across unskilled occupations and a relative catch-up with urban skilled …
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