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150128 ||| eng |
| 020 |
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|a 9781451976991
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| 100 |
1 |
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|a Agénor, Pierre-Richard
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| 245 |
0 |
0 |
|a Money, Wages and Inflation in Middle-Income Developing Countries
|c Pierre-Richard Agénor, Willy Hoffmaister
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1997
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a Mexico
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| 653 |
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|a Deflation
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| 653 |
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|a Price Level
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Exchange rates
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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 Foreign Exchange
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| 653 |
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|a Inflation
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Aggregate Labor Productivity
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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 Labour
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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 Unemployment
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Wage adjustments
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| 653 |
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|a Currency
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| 653 |
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|a Real wages
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| 653 |
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|a Prices
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| 653 |
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|a Labor
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| 700 |
1 |
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|a Hoffmaister, Willy
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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 |
0 |
|a 10.5089/9781451976991.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1997/174/001.1997.issue-174-en.xml?cid=2444-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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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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