Inflation, Growth and Wage Policy

Article Abstract:

Brazil's compulsory wage policy is evaluated in a growth inflation model to determine policy effectiveness. Wage indexation is a significant determinant of wage dynamics. Conventional Phillips Curve analysis is unsatisfactory. Growth control resulting from monetarily stringent policies may be alleviated by government savings program. The possibility of full wage indexation is suggested.

Wages, Wages and salaries

---

Dynamics of Trade Liberalization Policy

Article Abstract:

Trade liberalization policies are evaluated in a model assuming dynamics during adjustment. Adjustment to change is found to be slow because of slow adjustment of the labor market. The race of human capital is significant in the delayed adjustment. The wage path is found not to be monotonous and is closely associated to the speed of adjustment.

Resource allocation

---

Credit Policy, Inflation and Growth in a Financially Repressed Economy

Article Abstract:

An open economy macromodel is used to analyze credit policy under capital shortages, tariff structures and surplus labor typical to less developed countries. Tight credit policies are shown to increase inflation. Production and investment are decreased. Foreign loans are a possible solution to the problems.

Supply and demand, Developing countries, Credit, Macroeconomics, Capital

Similar abstracts:

• Abstracts: Coordination problems in theorizing: a reply to de Jonge. Coordination and cooperation in game theory. Conventions and institutions in coordination problems
• Abstracts: Job changes, occupational mobility and human capital acquisition: an empirical analysis. Innovation and reciprocal externalities: information transmission via job mobility
• Abstracts: Distortionary taxes and the provision of public goods. Search externalities in macroeconomic theory. Appraising externalities of the Swiss agriculture: an extended cost-benefit analysis
• Abstracts: Force fields, hysteresis and economic equilibria. Inflation, productivity and monetary policy: are they related?
• Abstracts: Egypt's water supply: demand for pollution control and purification equipment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.