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III Multilateral Unit-Labor-Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries »
Chapter
Source: Staff Studies for the World Economic Outlook, 1997
Series: World Economic and Financial Surveys
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 January 1998
ISBN: 9781557757012
Keywords: labor standards, inflation, employment, wages, monetary policy
The IMF’s multilateral real exchange rate indices based on relative unit labor costs in manufacturing, which are currently calculated for 21 industrial countries, have for some time...
II IMF Estimates of Potential Output: Theory and Practice »
Chapter
Source: Staff Studies for the World Economic Outlook, 1997
Series: World Economic and Financial Surveys
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 January 1998
ISBN: 9781557757012
Keywords: labor standards, inflation, employment, wages, monetary policy
The concepts of potential output and the output gap are central to the IMF’s analytical work in providing policy recommendations to member country governments. Representing the econ...