Cost of Living Adjustment and Business Cycles : Disaggregated Evidence /

For a sample of US industries, nominal wage and price inflation follow aggregate price inflation closely during economic expansions. Hence, fluctuations in profit markup and real output are moderate in the face of expansionary demand shocks. During recessions, however, industrial nominal wage deflat...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Kandil, Magda
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2000.
Cyfres:IMF Working Papers; Working Paper ; No. 2000/124
Mynediad Ar-lein:Full text available on IMF
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020 |c 5.00 USD 
020 |z 9781451854718 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Kandil, Magda. 
245 1 0 |a Cost of Living Adjustment and Business Cycles :   |b Disaggregated Evidence /  |c Magda Kandil. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a For a sample of US industries, nominal wage and price inflation follow aggregate price inflation closely during economic expansions. Hence, fluctuations in profit markup and real output are moderate in the face of expansionary demand shocks. During recessions, however, industrial nominal wage deflation exceeds that of the aggregate price level. This is in contras to producers' attempt to maintain, or even increase, industrial real price inflation during recessions. Consistently, the increase in the profit markup is correlated with an increase in output contraction and a reduction in workers' real standard of living during recessions. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/124 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/124/001.2000.issue-124-en.xml  |z IMF e-Library