Disinflation and the Supply Side:
March 2000 - What role do supply-side factors play in the dynamics of output and absorption in exchange rate-based stabilization programs? Agénor and Pizzati study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
1999
|
| Schlagworte: | |
| Online-Zugang: | URL des Erstveröffentlichers |
| Zusammenfassung: | March 2000 - What role do supply-side factors play in the dynamics of output and absorption in exchange rate-based stabilization programs? Agénor and Pizzati study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect world capital markets, the labor supply is endogenous, and wages are flexible. The model predicts that, with a constant capital stock and no investment, there is an initial reduction in real wages and output expands. Consumption falls on impact but increases afterward. In addition, with a temporary shock, a current account deficit emerges and, later, a recession sets in, as documented in various studies. With endogenous capital accumulation, numerical simulations show that the model can also predict a boom in investment. This paper is a product of the Economic Policy and Poverty Reduction Division, World Bank Institute. The authors may be contacted at pagenor@worldbank.org and lpizzati@worldbank.org |
| Beschreibung: | Weitere Ausgabe: Pizzati, Lodovico: Disinflation and the Supply Side |
| Beschreibung: | 1 Online-Ressource (38 Seiten) |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040616943 | ||
| 003 | DE-604 | ||
| 005 | 20250124 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s1999 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093208901 | ||
| 035 | |a (OCoLC)874226143 | ||
| 035 | |a (DE-599)GBVNLM005445051 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Pizzati, Lodovico |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Disinflation and the Supply Side |c Pizzati, Lodovico |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 1999 | |
| 300 | |a 1 Online-Ressource (38 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Weitere Ausgabe: Pizzati, Lodovico: Disinflation and the Supply Side | ||
| 520 | 1 | |a March 2000 - What role do supply-side factors play in the dynamics of output and absorption in exchange rate-based stabilization programs? Agénor and Pizzati study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect world capital markets, the labor supply is endogenous, and wages are flexible. The model predicts that, with a constant capital stock and no investment, there is an initial reduction in real wages and output expands. Consumption falls on impact but increases afterward. In addition, with a temporary shock, a current account deficit emerges and, later, a recession sets in, as documented in various studies. With endogenous capital accumulation, numerical simulations show that the model can also predict a boom in investment. This paper is a product of the Economic Policy and Poverty Reduction Division, World Bank Institute. The authors may be contacted at pagenor@worldbank.org and lpizzati@worldbank.org | |
| 534 | |c 1999 | ||
| 653 | |a Aggregate Demand | ||
| 653 | |a Assets | ||
| 653 | |a Capital | ||
| 653 | |a Capital Markets | ||
| 653 | |a Consumption | ||
| 653 | |a Currencies and Exchange Rates | ||
| 653 | |a Debt Markets | ||
| 653 | |a Devaluation | ||
| 653 | |a Economic Theory and Research | ||
| 653 | |a Elasticity | ||
| 653 | |a Elasticity Of Substitution | ||
| 653 | |a Emerging Markets | ||
| 653 | |a Exchange | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial Literacy | ||
| 653 | |a Goods | ||
| 653 | |a Interest | ||
| 653 | |a Investment | ||
| 653 | |a Macroeconomics and Economic Growth | ||
| 653 | |a Money | ||
| 653 | |a Open Economy | ||
| 653 | |a Private Sector Development | ||
| 653 | |a Production | ||
| 653 | |a Recession | ||
| 653 | |a Stock | ||
| 653 | |a Supply | ||
| 653 | |a Wages | ||
| 653 | |a Wealth | ||
| 700 | 1 | |a Agénor, Pierre-Richard |d 1957- |e Verfasser |0 (DE-588)12408009X |4 aut | |
| 776 | 0 | 8 | |i Reproduktion von |a Pizzati, Lodovico |t Disinflation and the Supply Side |d 1999 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2304 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025444442 | |
Datensatz im Suchindex
| DE-BY-FWS_katkey | 459652 |
|---|---|
| _version_ | 1822120216240324608 |
| adam_text | |
| any_adam_object | |
| author | Pizzati, Lodovico Agénor, Pierre-Richard 1957- |
| author_GND | (DE-588)12408009X |
| author_facet | Pizzati, Lodovico Agénor, Pierre-Richard 1957- |
| author_role | aut aut |
| author_sort | Pizzati, Lodovico |
| author_variant | l p lp p r a pra |
| building | Verbundindex |
| bvnumber | BV040616943 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093208901 (OCoLC)874226143 (DE-599)GBVNLM005445051 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040616943</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250124</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s1999 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093208901</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)874226143</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005445051</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Pizzati, Lodovico</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Disinflation and the Supply Side</subfield><subfield code="c">Pizzati, Lodovico</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">1999</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (38 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Weitere Ausgabe: Pizzati, Lodovico: Disinflation and the Supply Side</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">March 2000 - What role do supply-side factors play in the dynamics of output and absorption in exchange rate-based stabilization programs? Agénor and Pizzati study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect world capital markets, the labor supply is endogenous, and wages are flexible. The model predicts that, with a constant capital stock and no investment, there is an initial reduction in real wages and output expands. Consumption falls on impact but increases afterward. In addition, with a temporary shock, a current account deficit emerges and, later, a recession sets in, as documented in various studies. With endogenous capital accumulation, numerical simulations show that the model can also predict a boom in investment. This paper is a product of the Economic Policy and Poverty Reduction Division, World Bank Institute. The authors may be contacted at pagenor@worldbank.org and lpizzati@worldbank.org</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">1999</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Aggregate Demand</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Assets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Capital</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Capital Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Consumption</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Currencies and Exchange Rates</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Devaluation</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Economic Theory and Research</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Elasticity</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Elasticity Of Substitution</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Exchange</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Literacy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Goods</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Interest</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Investment</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Macroeconomics and Economic Growth</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Money</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Open Economy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Private Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Production</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Recession</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Stock</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Supply</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Wages</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Wealth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Agénor, Pierre-Richard</subfield><subfield code="d">1957-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)12408009X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Pizzati, Lodovico</subfield><subfield code="t">Disinflation and the Supply Side</subfield><subfield code="d">1999</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2304</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025444442</subfield></datafield></record></collection> |
| id | DE-604.BV040616943 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-24T09:00:51Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025444442 |
| oclc_num | 874226143 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (38 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | The World Bank |
| record_format | marc |
| spelling | Pizzati, Lodovico Verfasser aut Disinflation and the Supply Side Pizzati, Lodovico Washington, D.C The World Bank 1999 1 Online-Ressource (38 Seiten) txt rdacontent c rdamedia cr rdacarrier Weitere Ausgabe: Pizzati, Lodovico: Disinflation and the Supply Side March 2000 - What role do supply-side factors play in the dynamics of output and absorption in exchange rate-based stabilization programs? Agénor and Pizzati study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect world capital markets, the labor supply is endogenous, and wages are flexible. The model predicts that, with a constant capital stock and no investment, there is an initial reduction in real wages and output expands. Consumption falls on impact but increases afterward. In addition, with a temporary shock, a current account deficit emerges and, later, a recession sets in, as documented in various studies. With endogenous capital accumulation, numerical simulations show that the model can also predict a boom in investment. This paper is a product of the Economic Policy and Poverty Reduction Division, World Bank Institute. The authors may be contacted at pagenor@worldbank.org and lpizzati@worldbank.org 1999 Aggregate Demand Assets Capital Capital Markets Consumption Currencies and Exchange Rates Debt Markets Devaluation Economic Theory and Research Elasticity Elasticity Of Substitution Emerging Markets Exchange Finance and Financial Sector Development Financial Literacy Goods Interest Investment Macroeconomics and Economic Growth Money Open Economy Private Sector Development Production Recession Stock Supply Wages Wealth Agénor, Pierre-Richard 1957- Verfasser (DE-588)12408009X aut Reproduktion von Pizzati, Lodovico Disinflation and the Supply Side 1999 http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2304 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Pizzati, Lodovico Agénor, Pierre-Richard 1957- Disinflation and the Supply Side |
| title | Disinflation and the Supply Side |
| title_auth | Disinflation and the Supply Side |
| title_exact_search | Disinflation and the Supply Side |
| title_full | Disinflation and the Supply Side Pizzati, Lodovico |
| title_fullStr | Disinflation and the Supply Side Pizzati, Lodovico |
| title_full_unstemmed | Disinflation and the Supply Side Pizzati, Lodovico |
| title_short | Disinflation and the Supply Side |
| title_sort | disinflation and the supply side |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2304 |
| work_keys_str_mv | AT pizzatilodovico disinflationandthesupplyside AT agenorpierrerichard disinflationandthesupplyside |