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The Wage-Price Spiral

The Wage-Price Spiral »

Source: The Wage-Price Spiral : Industrial Country Evidence and Implications

Volume/Issue: 2003/164

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

ISBN: 9781451858013

Keywords: Wage-Price Spiral, Asymmetric Fluctuations, Output Effect, Standard of Living, wage, aggregate demand, inflation, wage-price, Output-Effect,

Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrat...

Ghostbusting

Ghostbusting »

Source: Ghostbusting : Which Output Gap Measure Really Matters?

Volume/Issue: 2004/146

Series: IMF Working Papers

Author(s): Andreas Billmeier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

ISBN: 9781451856675

Keywords: Output gap, inflation forecasting, forecasting, statistics, statistic, inflationary pressures, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic...

Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence »

Source: Expansionary Austerity New International Evidence

Volume/Issue: 2011/158

Series: IMF Working Papers

Author(s): Daniel Leigh , Andrea Pescatori , and Jaime Guajardo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781455294695

Keywords: government expenditure, output fluctuations, fiscal adjustments, fiscal consolidations, budget deficit, Taxation, Subsidies, and Revenue: General, And Finance,

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fi...

The Wage-Price Spiral
			: Industrial Country Evidence and Implications

The Wage-Price Spiral : Industrial Country Evidence and Implications »

Volume/Issue: 2003/164

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

DOI: http://dx.doi.org/10.5089/9781451858013.001

ISBN: 9781451858013

Keywords: Wage-Price Spiral, Asymmetric Fluctuations, Output Effect, Standard of Living, wage, aggregate demand, inflation, wage-price, Output-Effect,

Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrat...

Ghostbusting
			: Which Output Gap Measure Really Matters?

Ghostbusting : Which Output Gap Measure Really Matters? »

Volume/Issue: 2004/146

Series: IMF Working Papers

Author(s): Andreas Billmeier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

DOI: http://dx.doi.org/10.5089/9781451856675.001

ISBN: 9781451856675

Keywords: Output gap, inflation forecasting, forecasting, statistics, statistic, inflationary pressures, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic...

Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence »

Volume/Issue: 2011/158

Series: IMF Working Papers

Author(s): Daniel Leigh , Andrea Pescatori , and Jaime Guajardo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781455294695.001

ISBN: 9781455294695

Keywords: government expenditure, output fluctuations, fiscal adjustments, fiscal consolidations, budget deficit, Taxation, Subsidies, and Revenue: General, And Finance,

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fi...