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150128 ||| eng |
| 020 |
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|a 9781451849967
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| 100 |
1 |
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|a Pujol, Thierry
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| 245 |
0 |
0 |
|a The Role of Labor Market Rigidities During the Transition
|b Lessons From Poland
|c Thierry Pujol
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1996
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| 300 |
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|a 30 pages
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| 651 |
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4 |
|a Poland, Republic of
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| 653 |
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|a Real wages
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| 653 |
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|a Labour
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| 653 |
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|a Wage adjustments
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| 653 |
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|a Socialist Systems and Transitional Economies: Prices
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Unemployment
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Labor
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| 653 |
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|a Wage Level and Structure
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wages
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| 653 |
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|a Wage Differentials
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| 653 |
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|a Economic theory
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Income economics
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| 653 |
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|a Employment
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| 653 |
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|a Labor economics
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451849967.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1996/077/001.1996.issue-077-en.xml?cid=1880-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The transition to a market economy has been analyzed primarily from a stabilization prospective. To complement that approach, we focus on a pure relative price shock and subsequent price adjustments. A model of monopolistic competition with costly labor adjustment indicates that relative price shocks can induce overall output decline because rigid sectoral real wages do not adjust to offset sectoral price changes, and firms that benefit from the price shock engage in monopolistic behavior. In Poland, empirical evidence suggests that relative wage rigidity contributed to lower employment and output, but there is no strong evidence that competition was important
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