Título :	Labour Market and Fiscal Policy Adjustments to Shocks : The Role and Implications for Price and Financial Stability in South Africa
Tipo de documento:	documento electrónico
Autores:	Gumata, Nombulelo, Autor ; Ndou, Eliphas, Autor
Mención de edición:	1 ed.
Editorial:	[s.l.] : Springer
Fecha de publicación:	2017
Número de páginas:	LI, 599 p. 353 ilustraciones, 25 ilustraciones en color.
ISBN/ISSN/DL:	978-3-319-66520-7
Nota general:	Libro disponible en la plataforma SpringerLink. Descarga y lectura en formatos PDF, HTML y ePub. Descarga completa o por capítulos.
Palabras clave:	Finanzas internacionales  La política energética  Energía y estado  Economía africana  Política  Economía y Gestión Energética
Resumen:	Este libro se centra en las implicaciones de la dinámica del mercado laboral sudafricano, incluidas las reformas del mercado laboral y la política fiscal, para la política monetaria y la estabilidad financiera. La evidencia sugiere que hay beneficios al adoptar un enfoque que coordine las políticas y reformas del mercado laboral, la política fiscal, los precios y la estabilidad financiera. En particular, los beneficios de coordinar políticas presentan a los responsables de la formulación de políticas opciones políticas en los casos en que se enfrentan a dilemas y compensaciones políticas vinculantes, como en los casos en que hay divergencias en los precios y en los resultados del crecimiento financiero y económico. Los conocimientos empíricos y las recomendaciones de políticas se basan en diferentes técnicas que incluyen los enfoques contrafactual y endógeno-exógeno, las no linealidades introducidas por los umbrales y el impacto de los efectos de shock persistentes y transitorios. Los temas cubiertos en el libro incluyen varios aspectos de las condiciones y reformas del mercado laboral y su vínculo con la inflación y las expectativas de inflación, el impacto del salario mínimo nacional, la interacción entre la inflación salarial del sector público y privado, la incertidumbre de la política económica y el empleo, los umbrales de deuda pública. , los rendimientos soberanos y las rebajas de las calificaciones de la deuda, la productividad laboral, el impacto de los regímenes inflacionarios en los multiplicadores expansivos de las políticas fiscal y monetaria, el aumento del costo de financiación gubernamental sobre los precios y la estabilidad financiera y el vínculo entre la política fiscal y la dinámica del crédito.
Nota de contenido:	Part 1 Labour Market Characteristics and Monetary Policy -- 1: Introduction -- 2: Does the Beveridge Curve Exist in the South African Case, and What Are the Implications for Monetary Policy? -- 3: Does the Unemployment Invariance Hypothesis Hold in South Africa? -- 4: Does Price Stability Benefit from a Positive Shock in the Labour Force Participation Rate? -- 5: Is There an Inflation–GDP Growth–Employment Nexus in South Africa Within the 6 per cent Inflation Threshold? -- Part 2 The Minimum Wage and Theoretical Predictions -- 6: Which Labour Market Structure Model Predictions Are Consistent with the Effects of a Minimum Wage on Inflation in South Africa? -- 7: The Minimum Wage, Income Inequality and the Price-Stability Mandate -- 8: The Efficiency Wage Hypothesis, Labour Productivity and the Minimum Wage -- 9: The Impact of the Minimum Wage on Capital-Labour Ratio Dynamics -- Part 3 Labour Market Reforms and Price Stability -- 10: Labour Market Reforms and the Price Stability Mandate.-11: Loosening in Collective Bargaining Impact on CPI and Inflation Expectations -- 12: Labour Market Reforms, Unit Labour Costs Shocks and Inflation Persistence -- Part 4 Labour Market Conditions, Labour Productivity, Inflation Expectations and Monetary Policy -- 13: The Labour Market Conditions Channel in the Transmission of Positive Inflation and Inflation Expectation Shocks to the Repo Rate Reaction? -- 14: Real Interest Rate Shock, Labour Productivity and the 6 per cent Inflation Threshold -- 15: Capital Flow Surges and Sudden Stops Impact on the Sectorial Composition of Employment and Productivity Growth -- 16: Labour Productivity Growth and Inflation Expectations -- Part 5 Labour Market Interactions with Selected Macroprudential Tools and Monetary Policy -- 17: Labour Market Conditions Shocks and Credit Growth -- 18: Weak Labour Productivity, Tight Credit Conditions and Monetary Policy -- 19: Labor Productivity and Labor Market Conditions Impact on Household Debt -- 20: Labour Market Reforms, Inflation Expectations and the Banks' Required Reserves Channel -- Part 6 The Interaction Between the Public–Private Sector Wages and Employment Growth.-  21: Price Stability Impact on Wage Growth in the Public and Private Sectors -- 22: Public and Private Sector Employment and the Jobs Displacement Effects -- 23: Public Sector Wages and Implications for the Budget Balance -- 24: The Economic Policy Uncertainty Channel and Employment Dynamics -- Part 7 Nominal Wage Dynamics and Price Stability 25: The Inflation–Wage Spiral, Inflation Expectations and Monetary Policy -- 26: The 6 Per cent Inflation Threshold and the Transmission of Nominal Wage Shocks to Inflation Expectations -- Part 8 The Fiscal Policy Taxation Channel -- 27: Do Government Debt Thresholds Impact the Transmission of Tax Shock Effects to GDP growth? -- 28: Fiscal Policy Variables Shock Impact on Inflation and GDP growth? -- 29: Income Tax Shocks and the Inflation-Output Volatility Trade-offs -- 30: Do Positive Tax Revenue Shocks Impact Financial and Credit Conditions? -- 31: Tax Revenue Shocks Effects on The Repo Rate and Inflation -- Part 9 The Fiscal Policy Government Spending Cuts Channel -- 32: Does Government Spending Transmit Inflation to GDP growth? -- 33: Fiscal Spending Cut effects on CPI Inflation and Monetary Policy Cycles -- Part 10 The Government Consumption Spending, Lending Spreads and the Cost of Borrowing Channels -- 34: Do Sovereign Yield Spreads Transmit Contractionary Fiscal Policy Shocks? -- 35: Fiscal Policy and Sovereign Spread Shocks: Risks and Policy Implications -- 36: How Potent Is the Output Channel of Borrowing Costs? -- 37: How Does a Positive Borrowing Costs Shock Impact Price Stability? -- Part 11 Fiscal Policy, the Current Account and Transmission to Credit -- 38: Fiscal Policy Shocks and the Current Account -- 39: The Impact of Six Per cent Inflation on M3 and Credit on GDP -- 40: Does Inflation Neutralise the Multiplier Effects of Expansionary Monetary and Fiscal Policy on GDPGrowth?        .
En línea:	https://link-springer-com.biblioproxy.umanizales.edu.co/referencework/10.1007/97 [...]
Link:	https://biblioteca.umanizales.edu.co/ils/opac_css/index.php?lvl=notice_display&i

Labour Market and Fiscal Policy Adjustments to Shocks : The Role and Implications for Price and Financial Stability in South Africa [documento electrónico] / Gumata, Nombulelo, Autor ; Ndou, Eliphas, Autor  . -  1 ed.  . - [s.l.] : Springer, 2017 . - LI, 599 p. 353 ilustraciones, 25 ilustraciones en color.
ISBN : 978-3-319-66520-7
Libro disponible en la plataforma SpringerLink. Descarga y lectura en formatos PDF, HTML y ePub. Descarga completa o por capítulos.

Palabras clave:	Finanzas internacionales  La política energética  Energía y estado  Economía africana  Política  Economía y Gestión Energética
Resumen:	Este libro se centra en las implicaciones de la dinámica del mercado laboral sudafricano, incluidas las reformas del mercado laboral y la política fiscal, para la política monetaria y la estabilidad financiera. La evidencia sugiere que hay beneficios al adoptar un enfoque que coordine las políticas y reformas del mercado laboral, la política fiscal, los precios y la estabilidad financiera. En particular, los beneficios de coordinar políticas presentan a los responsables de la formulación de políticas opciones políticas en los casos en que se enfrentan a dilemas y compensaciones políticas vinculantes, como en los casos en que hay divergencias en los precios y en los resultados del crecimiento financiero y económico. Los conocimientos empíricos y las recomendaciones de políticas se basan en diferentes técnicas que incluyen los enfoques contrafactual y endógeno-exógeno, las no linealidades introducidas por los umbrales y el impacto de los efectos de shock persistentes y transitorios. Los temas cubiertos en el libro incluyen varios aspectos de las condiciones y reformas del mercado laboral y su vínculo con la inflación y las expectativas de inflación, el impacto del salario mínimo nacional, la interacción entre la inflación salarial del sector público y privado, la incertidumbre de la política económica y el empleo, los umbrales de deuda pública. , los rendimientos soberanos y las rebajas de las calificaciones de la deuda, la productividad laboral, el impacto de los regímenes inflacionarios en los multiplicadores expansivos de las políticas fiscal y monetaria, el aumento del costo de financiación gubernamental sobre los precios y la estabilidad financiera y el vínculo entre la política fiscal y la dinámica del crédito.
Nota de contenido:	Part 1 Labour Market Characteristics and Monetary Policy -- 1: Introduction -- 2: Does the Beveridge Curve Exist in the South African Case, and What Are the Implications for Monetary Policy? -- 3: Does the Unemployment Invariance Hypothesis Hold in South Africa? -- 4: Does Price Stability Benefit from a Positive Shock in the Labour Force Participation Rate? -- 5: Is There an Inflation–GDP Growth–Employment Nexus in South Africa Within the 6 per cent Inflation Threshold? -- Part 2 The Minimum Wage and Theoretical Predictions -- 6: Which Labour Market Structure Model Predictions Are Consistent with the Effects of a Minimum Wage on Inflation in South Africa? -- 7: The Minimum Wage, Income Inequality and the Price-Stability Mandate -- 8: The Efficiency Wage Hypothesis, Labour Productivity and the Minimum Wage -- 9: The Impact of the Minimum Wage on Capital-Labour Ratio Dynamics -- Part 3 Labour Market Reforms and Price Stability -- 10: Labour Market Reforms and the Price Stability Mandate.-11: Loosening in Collective Bargaining Impact on CPI and Inflation Expectations -- 12: Labour Market Reforms, Unit Labour Costs Shocks and Inflation Persistence -- Part 4 Labour Market Conditions, Labour Productivity, Inflation Expectations and Monetary Policy -- 13: The Labour Market Conditions Channel in the Transmission of Positive Inflation and Inflation Expectation Shocks to the Repo Rate Reaction? -- 14: Real Interest Rate Shock, Labour Productivity and the 6 per cent Inflation Threshold -- 15: Capital Flow Surges and Sudden Stops Impact on the Sectorial Composition of Employment and Productivity Growth -- 16: Labour Productivity Growth and Inflation Expectations -- Part 5 Labour Market Interactions with Selected Macroprudential Tools and Monetary Policy -- 17: Labour Market Conditions Shocks and Credit Growth -- 18: Weak Labour Productivity, Tight Credit Conditions and Monetary Policy -- 19: Labor Productivity and Labor Market Conditions Impact on Household Debt -- 20: Labour Market Reforms, Inflation Expectations and the Banks' Required Reserves Channel -- Part 6 The Interaction Between the Public–Private Sector Wages and Employment Growth.-  21: Price Stability Impact on Wage Growth in the Public and Private Sectors -- 22: Public and Private Sector Employment and the Jobs Displacement Effects -- 23: Public Sector Wages and Implications for the Budget Balance -- 24: The Economic Policy Uncertainty Channel and Employment Dynamics -- Part 7 Nominal Wage Dynamics and Price Stability 25: The Inflation–Wage Spiral, Inflation Expectations and Monetary Policy -- 26: The 6 Per cent Inflation Threshold and the Transmission of Nominal Wage Shocks to Inflation Expectations -- Part 8 The Fiscal Policy Taxation Channel -- 27: Do Government Debt Thresholds Impact the Transmission of Tax Shock Effects to GDP growth? -- 28: Fiscal Policy Variables Shock Impact on Inflation and GDP growth? -- 29: Income Tax Shocks and the Inflation-Output Volatility Trade-offs -- 30: Do Positive Tax Revenue Shocks Impact Financial and Credit Conditions? -- 31: Tax Revenue Shocks Effects on The Repo Rate and Inflation -- Part 9 The Fiscal Policy Government Spending Cuts Channel -- 32: Does Government Spending Transmit Inflation to GDP growth? -- 33: Fiscal Spending Cut effects on CPI Inflation and Monetary Policy Cycles -- Part 10 The Government Consumption Spending, Lending Spreads and the Cost of Borrowing Channels -- 34: Do Sovereign Yield Spreads Transmit Contractionary Fiscal Policy Shocks? -- 35: Fiscal Policy and Sovereign Spread Shocks: Risks and Policy Implications -- 36: How Potent Is the Output Channel of Borrowing Costs? -- 37: How Does a Positive Borrowing Costs Shock Impact Price Stability? -- Part 11 Fiscal Policy, the Current Account and Transmission to Credit -- 38: Fiscal Policy Shocks and the Current Account -- 39: The Impact of Six Per cent Inflation on M3 and Credit on GDP -- 40: Does Inflation Neutralise the Multiplier Effects of Expansionary Monetary and Fiscal Policy on GDPGrowth?        .
En línea:	https://link-springer-com.biblioproxy.umanizales.edu.co/referencework/10.1007/97 [...]
Link:	https://biblioteca.umanizales.edu.co/ils/opac_css/index.php?lvl=notice_display&i