Titlebook: Labour Market and Fiscal Policy Adjustments to Shocks; The Role and Implica Nombulelo Gumata,Eliphas Ndou Book 2017 The Editor(s) (if appli

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Which Labour Market Structure Model Predictions Are Consistent with the Effects of a Minimum Wage ons in response to an increase in the minimum wage. The consumer price inflation and changes in the Gini coefficient decline, whereas nominal wage, employment, GDP and gross operating surpluses growth increase in response to a positive shock to the minimum wage. Evidence in this chapter indicates that

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Cpap155

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The Impact of the Minimum Wage on Capital-Labour Ratio Dynamicsn addition, periods of low- (high-) GDP growth regimes have a high (low) elasticity and this is consistent with the Schumpeterian creative destruction based on endogenous growth models. The process of creative destruction during economic downturns and recessions affects the structure of labour produ

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Loosening in Collective Bargaining Impact on CPI and Inflation Expectationst the loose collective bargaining shocks lead to diverging responses in inflation and GDP growth. A loose collective bargaining shock exerts downward pressure on inflation and inflation expectations, in particular current inflation expectations. On the other hand, GDP growth increases significantly

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Labour Market Reforms, Unit Labour Costs Shocks and Inflation Persistencese shocks move the inflation persistence in different directions and the responses are dependent on the inflation regimes. The loosening in labour market reforms lowers inflation persistence more in the high-inflation regime than in the low-inflation regime. On the other hand, a positive shock to un

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The Labour Market Conditions Channel in the Transmission of Positive Inflation and Inflation Expectaonditions play a significant role in the transmission and propagation of inflationary pressures and inflation expectations. The propagation role of labour market conditions is potent when labour market conditions are loose and inflation is above 6 per cent. As a result, the policy rate is tightened

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