Economia
With a fixed monetary stock, deflation will ensue when the economy expands either in absolute terms or on a per capita basis with productivity gains. In both cases business does do better on average while the wage earner automatically receives higher real wages because of the falling price level even if nominal wages remain constant. There is no need for trade unions and strikes in order to earn higher real wages. Good deflation of this kind presents no immediate risk to companies as long as the decrease of the price level is the result of productivity gains. For business, the real debt burden would rise because of deflation yet in as much as there is deflation, economic activity would also have expanded and likewise the debt capacity of the corporate sector would also have increased.
Antony Mueller
- Ler Os Outros: Why Italy ? Why Not America ? - Krugman
"Specifically, the reason Greece (and Ireland, and Portugal, and to some extent Spain) are in so much trouble is that by adopting the euro they’ve left themselves with no good way out of the aftereffects of the pre-2008 bubble. To regain competitiveness,...
- Um Artigo Do Roubini
Num artigo de Roubini (via Sedes) no qual ele refere que : "For the Club Med members of the euro zone – Italy, Spain, Greece, and Portugal – public-debt problems come on top of a loss of international competitiveness. These countries had already lost...
- Um Artigo Muito Interessante
De Martin Wolf no FT (via Pedro Lains) do qual cito a conclusão nada optimista: "Where does that leave peripheral countries today? In structural recession, is the answer. At some point, they have to slash fiscal deficits. Without monetary or exchange...
- Good Jobs, Higher Wages And An Unholy Combination
• We explore a new dataset on wages provided by CAGED, namely wages of newly admitted workers broken down by sector. This allows us to investigate further the dynamics of the labor market, which – as we have argued in our previous report – is the...
- Deflação De Preços
Price deflation is not a disaster, but a blessing Jesús Huerta de Soto and Philipp Bagus 29 June 2015 The ECB has finally launched its own open-ended Quantitative Easing (QE) planning to buy securities worth of €1.1tr euros....
Economia
Fixar a base monetária
With a fixed monetary stock, deflation will ensue when the economy expands either in absolute terms or on a per capita basis with productivity gains. In both cases business does do better on average while the wage earner automatically receives higher real wages because of the falling price level even if nominal wages remain constant. There is no need for trade unions and strikes in order to earn higher real wages. Good deflation of this kind presents no immediate risk to companies as long as the decrease of the price level is the result of productivity gains. For business, the real debt burden would rise because of deflation yet in as much as there is deflation, economic activity would also have expanded and likewise the debt capacity of the corporate sector would also have increased.
Antony Mueller
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- Ler Os Outros: Why Italy ? Why Not America ? - Krugman
"Specifically, the reason Greece (and Ireland, and Portugal, and to some extent Spain) are in so much trouble is that by adopting the euro they’ve left themselves with no good way out of the aftereffects of the pre-2008 bubble. To regain competitiveness,...
- Um Artigo Do Roubini
Num artigo de Roubini (via Sedes) no qual ele refere que : "For the Club Med members of the euro zone – Italy, Spain, Greece, and Portugal – public-debt problems come on top of a loss of international competitiveness. These countries had already lost...
- Um Artigo Muito Interessante
De Martin Wolf no FT (via Pedro Lains) do qual cito a conclusão nada optimista: "Where does that leave peripheral countries today? In structural recession, is the answer. At some point, they have to slash fiscal deficits. Without monetary or exchange...
- Good Jobs, Higher Wages And An Unholy Combination
• We explore a new dataset on wages provided by CAGED, namely wages of newly admitted workers broken down by sector. This allows us to investigate further the dynamics of the labor market, which – as we have argued in our previous report – is the...
- Deflação De Preços
Price deflation is not a disaster, but a blessing Jesús Huerta de Soto and Philipp Bagus 29 June 2015 The ECB has finally launched its own open-ended Quantitative Easing (QE) planning to buy securities worth of €1.1tr euros....