Wage determination and incomes policy in open economies /
This volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, D.C. :
International Monetary Fund,
1986.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- Preface
- Part I.A Survey of the Use of Incomes Policy Since World War II
- 1 What Incomes Policy Is a n d When It Has Been Used
- 2 Incomes Policy Under Full Employment Policies and Fixed Exchange Rates
- Policies of the Late 1940s and Early 1950s
- Policies of the Early 1960s
- Policies of the Late 1960s and Early 1970s
- Strengthening International Transmission of Inflation from 1945 to 1973
- Opposing Views of the Need for Incomes Policy
- Results of Incomes Policies Under Fixed Exchange Rates
- 3 Incomes Policy After the Inflationary Crisis of 1973New Setting for Incomes Policy
- Demand Policies and Recourse to Incomes Policy Measures
- The Problem of Stabilization in an Open Economy
- The Role of Incomes Policy
- Part II. The Scope for Incomes Policy in Theory and Practice
- 4 Incomes Policy Under Fixed Exchange Rates in the 1960s
- The Process of Cost Inflation
- Effectiveness of Aggregate Demand Policy in Countering Cost Inflation
- Factors Influencing Cost Inflation in Particular Countries
- The Scope for Incomes Policy in the Mid-1960s
- 5 The Changed Context for Incomes Policy in the 1970sStrengthening Tendencies to Inflation During the 1960s
- The Industrial Countries as a Closed Economy
- National Experience of Increasing Inflationary Pressure, 1968-70
- Consequences of Delayed Adjustment of Exchange Rates
- Legacy of the Early 1970s
- 6 Incomes Policy and Economic Theory
- The Monetarist Counterrevolution and Theory of Unemployment
- The Monetarist View of the Economy
- An Alternative View: Discontinuous Adjustment Under Imperfect Competition
- Need for a More Realistic Theoretical FrameworkRelation Between Unemployment and Inflation in a Closed Economy
- 7 Demand Expansion, Inflation, and Real Output Growth Under Imperfect Competition
- Unsymmetrical Response to Acceleration or Deceleration of Demand
- Differing Response to Marked or Gradual Changes in Demand
- Productivity Growth and the Level of Employment
- 8 Indexation of Wages: A Monetarist Prescription
- Wage Bargaining and Indexation
- Case for Indexation in the Early 1970s
- Characteristics of Wages Indexation in Practice
- Experience with Indexation in Selected CountriesThe Case For and Against Indexation
- Part III. Wage Bargaining Institutions, Incomes Policy, and Demand Management Since the 1960s
- 9 Case Studies of Four Large Economies United Kingdom: Incomes Policies of the 1970s
- United Kingdom: Incomes Policies of the 1970s
- Japan and the Federal Republic of Germany: Wage Bargaining Systems
- Canada: The Anti-Inflation Program of 1975�78
- 1O Case Studies of Three Small Economies
- Austria: The Social Partnership