The downward rigidity of nominal wages is often pointed out as a factor that prevents the smooth adjustment of real wages under very low inflation.
More Quotes from Toshihiko Fukui:
As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.Toshihiko Fukui
The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
Toshihiko Fukui
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
Toshihiko Fukui
The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.
Toshihiko Fukui
Recent empirical studies, however, show such short run effects become small because the exchange rate pass-through to import prices declines.
Toshihiko Fukui
A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.
Toshihiko Fukui
Readers Who Like This Quotation Also Like:
Based on Keywords: rigidityIt is natural not to care about a sister certainly not when she is four years older and grinds her teeth at night.
Gertrude Stein
There's no point in success if you don't let it go to your head. That's what it's for.
John Otway
Nothing I have done professionally will top the feeling I got when singing with John Farnham at the 2000 Olympic Games in Sydney.
Olivia Newton-John