THE MANAGEMENT OF AN OPEN ECONOMY WITH 100 PER CENTO PLUS WAGE INDEXATION
Author: Franco MODIGLIANI
Publisher:
Published: 1978
Total Pages:
ISBN-13:
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Author: Franco MODIGLIANI
Publisher:
Published: 1978
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Franco Modigliani
Publisher:
Published: 1978
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Franco Modigliani
Publisher: Cambridge University Press
Published: 1986-09-18
Total Pages: 294
ISBN-13: 0521267900
DOWNLOAD EBOOKThis 1986 book examines some of the main issues that have characterized macroeconomics: the debate between 'monetarists' and 'Keynesians'; the response to demand shocks and supply shocks, by which the monetary authorities control aggregrate nominal income and the use and relevance of the money supply as a target; and the consumption function and the determinants of wealth. It shows that Keynesian stabilization policies succeeded in reducing instability due to demand shocks dramatically, but that no aggregrate demand policy can stabilize both price and employment simultaneously after a supply shock. However, by assigning an overall 'social cost' to (excess) unemployment and (initially) unexpected inflation, an optimism path can be derived. In looking at the consumption function and determinants of wealth the empirical evidence is shown to be most consistent with the life-cycle hypothesis. A concluding section is devoted to the impact on private and national society of the 'social security revolution'.
Author: B. Brown
Publisher: Springer
Published: 1982-06-18
Total Pages: 226
ISBN-13: 1349061034
DOWNLOAD EBOOKAuthor: Joe Crowley
Publisher: International Monetary Fund
Published: 1997-04
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKA standard open-economy model is used to show that price stabilization programs are more likely to succeed if labor contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs, smaller misalignment of real wages, smaller outflows of reserves, smaller disruptions caused by policy announcements, and a reduced impact of some shocks during price stabilization programs. These results are generally true whether or not capital is mobile and whether or not expectations are rational.
Author:
Publisher:
Published: 1895
Total Pages: 622
ISBN-13:
DOWNLOAD EBOOKIncludes history of bills and resolutions.
Author: Olivier J. Blanchard
Publisher: Edizioni Dell'elefante
Published: 1999
Total Pages: 158
ISBN-13:
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Publisher:
Published: 1980
Total Pages: 1032
ISBN-13:
DOWNLOAD EBOOKIncludes entries for maps and atlases.
Author: United States. Agricultural Marketing Service
Publisher:
Published: 1931
Total Pages: 586
ISBN-13:
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