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100   $a20020129d2017      uf         0
101 0 $aeng
135   $aurcnu||||||||
181   $2rdacontent
182   $2rdamedia
183   $2rdacarrier
200 10$aPrice and Wage Flexibility in Hong Kong SAR /$fSi Guo
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2017.
215   $a1 online resource (20 pages) $ccolor illustrations, tables, graphs
225 1 $aIMF Working Papers
311   $a1-4755-7039-2 
320   $aIncludes bibliographical references.
330 3 $aThe paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships among inflation, unemployment, wage growth, and output fluctuations. At the industry level, the paper compares the distributions of labor earnings and price growth in Hong Kong SAR and the United States. It further estimates a model of wage formation under downward nominal wage rigidity to compare the extent of wage rigidity in Hong Kong SAR and the United States. Overall, the comparisons show that broadly speaking, price and wage adjustments are more flexible in Hong Kong SAR than other economies.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2017/009
606   $aWages$zGreat Britain
606   $aWages$zChina$zHong Kong
606   $aWages$zUnited States
606   $aLabor$2imf
606   $aMacroeconomics$2imf
606   $aWage Level and Structure$2imf
606   $aWage Differentials$2imf
606   $aPrice Level$2imf
606   $aInflation$2imf
606   $aDeflation$2imf
606   $aWages, Compensation, and Labor Costs: General$2imf
606   $aLabor Economics: General$2imf
606   $aDemand and Supply of Labor: General$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aWages$2imf
606   $aWage adjustments$2imf
606   $aLabor markets$2imf
606   $aPrice adjustments$2imf
606   $aPrices$2imf
606   $aLabor economics$2imf
606   $aLabor market$2imf
607   $aHong Kong Special Administrative Region, People's Republic of China$2imf
615  0$aWages
615  0$aWages
615  0$aWages
615  7$aLabor
615  7$aMacroeconomics
615  7$aWage Level and Structure
615  7$aWage Differentials
615  7$aPrice Level
615  7$aInflation
615  7$aDeflation
615  7$aWages, Compensation, and Labor Costs: General
615  7$aLabor Economics: General
615  7$aDemand and Supply of Labor: General
615  7$aLabour
615  7$aincome economics
615  7$aWages
615  7$aWage adjustments
615  7$aLabor markets
615  7$aPrice adjustments
615  7$aPrices
615  7$aLabor economics
615  7$aLabor market
676   $a331.294109047
700   $aGuo$b Si$01375112
801  0$bDcWaIMF
906   $aBOOK
912   $a9910165036703321
996   $aPrice and wage flexibility in Hong Kong SAR$93409217
997   $aUNINA