Verfügbarkeit: The Wage-Price Spiral

The Wage-Price Spiral: Industrial Country Evidence and Implications

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 economic ex...

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1. Verfasser:	Kandil, Magda E. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2003
Schriftenreihe:	IMF Working Papers Working Paper No. 03/164
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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 economic expansions, the overlap of nominal adjustments in labor and product markets prolongs output expansion while maintaining or increasing the standard of living. In contrast, structural and institutional settings appear to have moderated the severity of the effects of contractionary demand shocks on real output growth and the standard of living in the variety of countries under investigation
Beschreibung:	1 Online-Ressource (36 p)
ISBN:	1451858019 9781451858013

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spelling	Kandil, Magda E. Verfasser aut The Wage-Price Spiral Industrial Country Evidence and Implications Kandil, Magda E Washington, D.C International Monetary Fund 2003 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/164 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 economic expansions, the overlap of nominal adjustments in labor and product markets prolongs output expansion while maintaining or increasing the standard of living. In contrast, structural and institutional settings appear to have moderated the severity of the effects of contractionary demand shocks on real output growth and the standard of living in the variety of countries under investigation Online-Ausg http://elibrary.imf.org/view/IMF001/07381-9781451858013/07381-9781451858013/07381-9781451858013.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kandil, Magda E. The Wage-Price Spiral Industrial Country Evidence and Implications
title	The Wage-Price Spiral Industrial Country Evidence and Implications
title_auth	The Wage-Price Spiral Industrial Country Evidence and Implications
title_exact_search	The Wage-Price Spiral Industrial Country Evidence and Implications
title_exact_search_txtP	The Wage-Price Spiral Industrial Country Evidence and Implications
title_full	The Wage-Price Spiral Industrial Country Evidence and Implications Kandil, Magda E
title_fullStr	The Wage-Price Spiral Industrial Country Evidence and Implications Kandil, Magda E
title_full_unstemmed	The Wage-Price Spiral Industrial Country Evidence and Implications Kandil, Magda E
title_short	The Wage-Price Spiral
title_sort	the wage price spiral industrial country evidence and implications
title_sub	Industrial Country Evidence and Implications
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