01699cas a2200241 a 4500 AALejournalIMF007765 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855906 1018-5941 BD-DhAAL BD-DhAAL Kandil, Magda. Wage Flexibility and Economic Performance : Evidence Across Industrial Countries / Magda Kandil. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in the face of various shocks. Wage flexibility stabilizes fluctuations in real output and guarantees workers a higher real standard of living in response to aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without exacerbating price inflation or output contraction. Nominal wage inflation decreases in response to productivity shocks, reinforcing output expansion. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/137 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/137/001.2000.issue-137-en.xml IMF e-Library