The Resource Wage contracts, capital mobility, and macroeconomic policy, prepared by Pierre-Richard Agénor

Wage contracts, capital mobility, and macroeconomic policy, prepared by Pierre-Richard Agénor

Label
Wage contracts, capital mobility, and macroeconomic policy
Title
Wage contracts, capital mobility, and macroeconomic policy
Statement of responsibility
prepared by Pierre-Richard Agénor
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
Annotation
Member of
Action
digitized
Cataloging source
OCLCE
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3810
LC item number
.I45 no.95/10
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
no. 95/10
Summary expansion
This paper examines the long-run effects of macroeconomic policy shocks on the behavior of output, inflation, real wages and the real exchange rate in a small open economy. the analysis is based on a two-sector, three-good optimizing model with imperfect capital mobility, nominal wage contracts with backward- or forward-looking price expectations, and endogenous mark-up pricing in the nontraded goods sector. the effects of a cut in government spending on nontraded goods are shown to be independent of the expectational mechanism embedded in wage contracts. a reduction in the nominal devaluation rate lowers steady-state output in the tradable sector under backward-looking contracts, but exerts an expansionary effect under forward-looking contracts
Label
Wage contracts, capital mobility, and macroeconomic policy, prepared by Pierre-Richard Agénor
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references
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
ocn646949801
Dimensions
unknown
Extent
1 online resource (iii, 29 pages)
File format
one file format
Form of item
online
Isbn
9781455255382
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37194501
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646949801
  • imf1455255386
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
Processing Feedback ...