How Long to Read Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy

How Long Does it Take to Read Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy?

It takes the average reader and 48 minutes to read Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy by Mr.Gian Milesi-Ferretti

Assuming a reading speed of 250 words per minute. Learn more

Description

The corporate governance problem of state enterprises in former socialist economies can give rise to excessive wage claims and/or capital decumulation. This paper focuses on these problems, highlighting the dynamic links between wage behavior, the fiscal deficit, inflation and the capital stock. Wage controls have been widely advocated as a response to the corporate governance problem. We show that in the presence of excessive wage claims a system of wage controls can help to limit capital decumulation and reduce inflation, since wage moderation implies higher government revenues from the profit tax and therefore lower money creation. More specifically, it is shown that when wage levels are initially excessive a reduction in the degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection against future inflation.

How long is Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy?

Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy by Mr.Gian Milesi-Ferretti is 47 pages long, and a total of 12,079 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy aloud.

What Reading Level is Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy?

Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy?

Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy by Mr.Gian Milesi-Ferretti is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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