IMF Staff papers : Volume 27 No. 1
This paper reports the results of some preliminary research into the repercussions, for income distribution, of stabilization programs associated with the use of IMF resources in the upper credit tranches. In the first section, it explores the relationship between the balance of payments and the dis...
| Corporate Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1980
Washington, D.C. : 1980 |
| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 1980/001 IMF eLibrary |
| Subjects: |
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| 520 | 3 | |a This paper reports the results of some preliminary research into the repercussions, for income distribution, of stabilization programs associated with the use of IMF resources in the upper credit tranches. In the first section, it explores the relationship between the balance of payments and the distribution of income from a theoretical perspective. The general concern is whether adjustment influences the distribution of income in some systematic manner; the concern is to delineate the conditions under which a decline in the real wage is necessary for adjustment actually to take place. Using neoclassical analysis, one finds that the ratio of the nominal wage to the price of exports must decline, but whether this involves a fall in the overall real wage depends on many variables, including the relative proportions of traded and nontraded goods in the consumer's market basket. Second, it presents a qualitative analysis of the distributional effects of the measures that tend to be included in these programs, viz., ceilings on net credit expansion, currency depreciation, and the relaxation and simplification of exchange restrictions and controls | |
| 588 | |a Description based on print version record | ||
| 588 | 0 | |a Print version record | |
| 650 | 4 | |a Affected industries | |
| 650 | 4 | |a Aggregate demand | |
| 650 | 4 | |a Agricultural exports | |
| 650 | 4 | |a Balance of payments | |
| 650 | 4 | |a Black market | |
| 650 | 4 | |a Current account deficit | |
| 650 | 4 | |a Domestic aggregate demand | |
| 650 | 4 | |a Domestic demand | |
| 650 | 4 | |a Domestic goods | |
| 650 | 4 | |a Domestic market | |
| 650 | 4 | |a Domestic price index | |
| 650 | 4 | |a Domestic price of imports | |
| 650 | 4 | |a Domestic price | |
| 650 | 4 | |a Domestic prices | |
| 650 | 4 | |a Domestic production | |
| 650 | 4 | |a Domestic suppliers | |
| 650 | 4 | |a Economic instability | |
| 650 | 4 | |a Exchange rate policy | |
| 650 | 4 | |a Export crops | |
| 650 | 4 | |a Export earnings | |
| 650 | 4 | |a Export industries | |
| 650 | 4 | |a Export prices | |
| 650 | 4 | |a Export sector | |
| 650 | 4 | |a Factor price | |
| 650 | 4 | |a Financial stability | |
| 650 | 4 | |a Foreign exchange | |
| 650 | 4 | |a Foreign trade | |
| 650 | 4 | |a Gdp deflator | |
| 650 | 4 | |a General price level | |
| 650 | 4 | |a Import duties | |
| 650 | 4 | |a Import prices | |
| 650 | 4 | |a Import substitution | |
| 650 | 4 | |a Import-competing sectors | |
| 650 | 4 | |a Imported goods | |
| 650 | 4 | |a Imported inputs | |
| 650 | 4 | |a Income distribution | |
| 650 | 4 | |a Inflation rate | |
| 650 | 4 | |a Inflation | |
| 650 | 4 | |a Inflationary impact | |
| 650 | 4 | |a International trade | |
| 650 | 4 | |a Merchandise trade | |
| 650 | 4 | |a Monetary policy | |
| 650 | 4 | |a Net exports | |
| 650 | 4 | |a Per capita income | |
| 650 | 4 | |a Price level | |
| 650 | 4 | |a Price mechanism | |
| 650 | 4 | |a Price of imports | |
| 650 | 4 | |a Rate of inflation | |
| 650 | 4 | |a Rational expectations | |
| 650 | 4 | |a Real output | |
| 650 | 4 | |a Real wages | |
| 650 | 4 | |a Relative price | |
| 650 | 4 | |a Relative prices | |
| 650 | 4 | |a Terms of trade | |
| 650 | 4 | |a Trade effect | |
| 650 | 4 | |a Trade relations | |
| 650 | 4 | |a Trade restrictions | |
| 650 | 4 | |a Unskilled workers | |
| 650 | 4 | |a Wage differentials | |
| 650 | 4 | |a World markets | |
| 650 | 4 | |a World prices | |
| 650 | 7 | |a Aggregate Factor Income Distribution |2 imf | |
| 650 | 7 | |a Agricultural commodities |2 imf | |
| 650 | 7 | |a Agriculture: General |2 imf | |
| 650 | 7 | |a Balance of payments |2 imf | |
| 650 | 7 | |a Commodities |2 imf | |
| 650 | 7 | |a Currency |2 imf | |
| 650 | 7 | |a Current Account Adjustment |2 imf | |
| 650 | 7 | |a Current account |2 imf | |
| 650 | 7 | |a Exchange rates |2 imf | |
| 650 | 7 | |a Exports and Imports |2 imf | |
| 650 | 7 | |a Exports |2 imf | |
| 650 | 7 | |a Farm produce |2 imf | |
| 650 | 7 | |a Foreign Exchange |2 imf | |
| 650 | 7 | |a Foreign exchange |2 imf | |
| 650 | 7 | |a Government and the Monetary System |2 imf | |
| 650 | 7 | |a International economics |2 imf | |
| 650 | 7 | |a International trade |2 imf | |
| 650 | 7 | |a Investment & securities |2 imf | |
| 650 | 7 | |a Investments: Commodities |2 imf | |
| 650 | 7 | |a Labor |2 imf | |
| 650 | 7 | |a Labour |2 imf | |
| 650 | 7 | |a Macroeconomics |2 imf | |
| 650 | 7 | |a Monetary Systems |2 imf | |
| 650 | 7 | |a Money and Monetary Policy |2 imf | |
| 650 | 7 | |a Money |2 imf | |
| 650 | 7 | |a Payment Systems |2 imf | |
| 650 | 7 | |a Real exchange rates |2 imf | |
| 650 | 7 | |a Regimes |2 imf | |
| 650 | 7 | |a Short-term Capital Movements |2 imf | |
| 650 | 7 | |a Standards |2 imf | |
| 650 | 7 | |a Trade: General |2 imf | |
| 650 | 7 | |a income economics |2 imf | |
| 651 | 4 | |a Bolivia | |
| 651 | 4 | |a Ghana | |
| 651 | 4 | |a Indonesia | |
| 651 | 4 | |a Philippines | |
| 651 | 7 | |a Sudan |2 imf | |
| 710 | 2 | |a International Monetary Fund |b Research Department. | |
| 776 | 0 | 8 | |a Print Version: |z 9781451956566 |
| 776 | 0 | 8 | |i Print Version: |t IMF Staff papers: Volume 27 No. 1 |d Washington, D.C. : International Monetary Fund, 1980. |z 9781463995515 |
| 776 | 0 | 8 | |i Print Version: |z 9781475501759 |
| 830 | 0 | |a IMF Staff Papers; IMF Staff Papers ; |v No. 1980/001 | |
| 830 | 0 | |a IMF eLibrary | |
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