Thesis paper for economics students

February 7, 2008 | 1 Comment

Inflationary Wage Increase under Currency Substitution is a thesis paper written in English in 2006 by a Cambodian student at Japan’s Nagoya University for his undergraduate thesis paper.

HENG Dyna asked to have it uploaded to our website in a hope that it will be of service to other Cambodian economics students and that he can get useful comments for further research.

The abstract of the paper reads as follows:

This paper studies the effects of an inflationary wage increase for government staffs on the welfare of their own and private employees, and social welfare, with cash-in-advance constraints under currency substitution in an overlapping generation model. We show that there exists a Laffer curve relationship of seigniorage to finance such an inflationary wage increase in the long run. The inflationary wage increase has a negative effect on the welfare level of private employees, but has an ambiguous effect on that of government staffs and social welfare.

Click HERE to download the paper!

You can also download other papers written by Cambodian students who have graduated from Nagoya, Japan from our “Download” page at http://nagoya.csaj-khmer.org/downloads

Dyna, who got his bachelor degree in Economics from Nagoya University in 2007, served as the first CSAN president when it was established in 2003. He is now doing his masters degree at Tokyo-based Hitotsubashi University, one of the most prestigious economics school in Japan. Also, he was elected president of the Cambodian Students Association in Japan (CSAJ) for the 2008 term. What’s more, he won the Prize of Excellence from JFTC Essay Competition 2007.

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Inflationary Wage Increase under Currency Substitution

February 6, 2008 | Leave a Comment

Author: HENG Dyna

Publication date: Unknown

Type of document: Undergraduate thesis paper

Abstract

This paper studies the effects of an inflationary wage increase for government staffs on the welfare of their own and private employees, and social welfare, with cash-in-advance constraints under currency substitution in an overlapping generation model. We show that there exists a Laffer curve relationship of seigniorage to finance such an inflationary wage increase in the long run. The inflationary wage increase has a negative effect on the welfare level of private employees, but has an ambiguous effect on that of government staffs and social welfare.

Author’s message: “I thought it would be good if other Cambodian students read [this] and give me some comments. It would be also helpful for other undergraduate who want to research on monetary policy and central banking, I guess.”

Download: Inflationary Wage Increase under Currency Substitution  Inflationary Wage Increase under Currency Substitution (unknown, 276 hits)

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