Wage determination and incomes policy in open economies /

This volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.

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Bibliographic Details
Main Author: Braun, Anne Romanis (Author)
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 1986.
Subjects:
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245 1 0 |a Wage determination and incomes policy in open economies /  |c by Anne Romanis Braun. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1986. 
264 4 |c ©1986 
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504 |a Includes bibliographical references (pages 351-380). 
520 0 |a This volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term. 
588 0 |a Print version record. 
505 0 |a Contents -- Preface -- Part I.A Survey of the Use of Incomes Policy Since World War II -- 1 What Incomes Policy Is a n d When It Has Been Used -- 2 Incomes Policy Under Full Employment Policies and Fixed Exchange Rates -- Policies of the Late 1940s and Early 1950s -- Policies of the Early 1960s -- Policies of the Late 1960s and Early 1970s -- Strengthening International Transmission of Inflation from 1945 to 1973 -- Opposing Views of the Need for Incomes Policy -- Results of Incomes Policies Under Fixed Exchange Rates 
505 8 |a 3 Incomes Policy After the Inflationary Crisis of 1973New Setting for Incomes Policy -- Demand Policies and Recourse to Incomes Policy Measures -- The Problem of Stabilization in an Open Economy -- The Role of Incomes Policy -- Part II. The Scope for Incomes Policy in Theory and Practice -- 4 Incomes Policy Under Fixed Exchange Rates in the 1960s -- The Process of Cost Inflation -- Effectiveness of Aggregate Demand Policy in Countering Cost Inflation -- Factors Influencing Cost Inflation in Particular Countries -- The Scope for Incomes Policy in the Mid-1960s 
505 8 |a 5 The Changed Context for Incomes Policy in the 1970sStrengthening Tendencies to Inflation During the 1960s -- The Industrial Countries as a Closed Economy -- National Experience of Increasing Inflationary Pressure, 1968-70 -- Consequences of Delayed Adjustment of Exchange Rates -- Legacy of the Early 1970s -- 6 Incomes Policy and Economic Theory -- The Monetarist Counterrevolution and Theory of Unemployment -- The Monetarist View of the Economy -- An Alternative View: Discontinuous Adjustment Under Imperfect Competition 
505 8 |a Need for a More Realistic Theoretical FrameworkRelation Between Unemployment and Inflation in a Closed Economy -- 7 Demand Expansion, Inflation, and Real Output Growth Under Imperfect Competition -- Unsymmetrical Response to Acceleration or Deceleration of Demand -- Differing Response to Marked or Gradual Changes in Demand -- Productivity Growth and the Level of Employment -- 8 Indexation of Wages: A Monetarist Prescription -- Wage Bargaining and Indexation -- Case for Indexation in the Early 1970s -- Characteristics of Wages Indexation in Practice 
505 8 |a Experience with Indexation in Selected CountriesThe Case For and Against Indexation -- Part III. Wage Bargaining Institutions, Incomes Policy, and Demand Management Since the 1960s -- 9 Case Studies of Four Large Economies United Kingdom: Incomes Policies of the 1970s -- United Kingdom: Incomes Policies of the 1970s -- Japan and the Federal Republic of Germany: Wage Bargaining Systems -- Canada: The Anti-Inflation Program of 1975'78 -- 1O Case Studies of Three Small Economies -- Austria: The Social Partnership 
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650 0 |a Wages  |x Government policy  |z Europe. 
650 0 |a Wage-price policy  |z Europe. 
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