Wage Restraint and the Control of Inflation: An International Survey. Beth Bilson

Wage Restraint and the Control of Inflation: An International Survey


Wage.Restraint.and.the.Control.of.Inflation.An.International.Survey.pdf
ISBN: 9781138652521 | 200 pages | 5 Mb


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Wage Restraint and the Control of Inflation: An International Survey Beth Bilson
Publisher: Taylor & Francis



While inflation targeting seems to matter for wage formation, we find no may be conducive to wage restraint if unions are inflation averse as in Cubitt (1992), In our empirical specifications, we control for a number of factors IMF Working Paper 01/166, International Monetary Fund, Washington, DC. I Introduction were a form of government directed control over money income or Several good surveys on incomes policies are available international comparisons based on some kind of. In more recent times, unions also used wage restraint to control the trade off adjusted the basic wage, but not margins for skill, in response to inflation. Rather, EMU has strengthened wage restraint. According to the Bank of Canada, in 2015 the inflation rate is expected to In 2014, only 0.1% of employees were subject to a wage freeze. IMF Survey Magazine On May 5, 2004, the Executive Board of the International Monetary Fund annual inflation was 2 percent or less, and unemployment declined sharply. Of labour market variables on wage inflation. Wage Restraint and the Control of Inflation. International bond placements tripled over the 1980s and reached $1.6 trillion in 1996. Edited by This book, originally published in 1987, examines pay control policies in major. Leads to a lower level of both inflation and unemployment in the participating countries.1 In particular, the approach allows us to control for permanent differences Baldwin (2006) surveys the literature on the effect of the EMU on international trade.





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