Verfügbarkeit: Wage Flexibility and Economic Performance

Wage Flexibility and Economic Performance: Evidence Across Industrial Countries

This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in the face of various shocks. Wage flexibility stabilizes fluctuations in real output a...

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1. Verfasser:	Kandil, Magda E. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2000
Schriftenreihe:	IMF Working Papers Working Paper No. 00/137
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in the face of various shocks. Wage flexibility stabilizes fluctuations in real output and guarantees workers a higher real standard of living in response to aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without exacerbating price inflation or output contraction. Nominal wage inflation decreases in response to productivity shocks, reinforcing output expansion
Beschreibung:	1 Online-Ressource (31 p)
ISBN:	1451855907 9781451855906

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spelling	Kandil, Magda E. Verfasser aut Wage Flexibility and Economic Performance Evidence Across Industrial Countries Kandil, Magda E Washington, D.C International Monetary Fund 2000 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/137 This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in the face of various shocks. Wage flexibility stabilizes fluctuations in real output and guarantees workers a higher real standard of living in response to aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without exacerbating price inflation or output contraction. Nominal wage inflation decreases in response to productivity shocks, reinforcing output expansion Online-Ausg http://elibrary.imf.org/view/IMF001/07848-9781451855906/07848-9781451855906/07848-9781451855906.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kandil, Magda E. Wage Flexibility and Economic Performance Evidence Across Industrial Countries
title	Wage Flexibility and Economic Performance Evidence Across Industrial Countries
title_auth	Wage Flexibility and Economic Performance Evidence Across Industrial Countries
title_exact_search	Wage Flexibility and Economic Performance Evidence Across Industrial Countries
title_exact_search_txtP	Wage Flexibility and Economic Performance Evidence Across Industrial Countries
title_full	Wage Flexibility and Economic Performance Evidence Across Industrial Countries Kandil, Magda E
title_fullStr	Wage Flexibility and Economic Performance Evidence Across Industrial Countries Kandil, Magda E
title_full_unstemmed	Wage Flexibility and Economic Performance Evidence Across Industrial Countries Kandil, Magda E
title_short	Wage Flexibility and Economic Performance
title_sort	wage flexibility and economic performance evidence across industrial countries
title_sub	Evidence Across Industrial Countries
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