The Resource High inflation and real wages, Benedikt Braumann

High inflation and real wages, Benedikt Braumann

Label
High inflation and real wages
Title
High inflation and real wages
Statement of responsibility
Benedikt Braumann
Creator
Contributor
Subject
Genre
Language
eng
Summary
Empirical data show that real wages fall sharply during periods of high inflation. This paper suggests a simple general equilibrium explanation, without relying on nominal rigidities. It presents an intertemporal two-sector model with a cash-in-advance constraint. In this setting, inflation reduces real wages through (1) a decline of the capital stock, and (2) a shift in relative prices. The two effects are additive and make the decline in real wages exceed the decline in per-capita GDP. This mechanism may contribute to rising poverty during periods of high inflation
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.41
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.01/50
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/01/50
Label
High inflation and real wages, Benedikt Braumann
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 22-23)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647465756
Dimensions
unknown
Extent
1 online resource (23 pages)
File format
one file format
Form of item
online
Isbn
9781281602107
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37177795
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647465756
  • imf1281602108
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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