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|z 9781451976991
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|a 1018-5941
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|c BD-DhAAL
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|a Agenor, Pierre-Richard.
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|a Money, Wages and Inflation in Middle-Income Developing Countries /
|c Pierre-Richard Agenor, Willy Hoffmaister.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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| 300 |
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|a 1 online resource (38 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the short-run links between money growth, exchange rate depreciation, nominal wage growth, the output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal historical wage shocks are shown to have an important effect on movements in inflation only in Mexico. Generalized impulse response functions show that a positive historical shock to nominal wage growth generates a transitory but significant reduction in output. Inflation increases in all countries, particularly Mexico. A positive shock to nominal money growth raises real cash balances on impact and exerts an expansionary effect on output, despite an increase in real wages.
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|a Mode of access: Internet
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|a Hoffmaister, Willy.
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|a IMF Working Papers; Working Paper ;
|v No. 1997/174
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/174/001.1997.issue-174-en.xml
|z IMF e-Library
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