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Author : Robert James Gordon
Publisher : Cambridge University Press
Page : 520 pages
File Size : 48,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 052153142X
Publisher Description
Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher : Unknown
Page : 100 pages
File Size : 45,5 Mb
Release : 1981
Category : Industrial productivity
ISBN : UIUC:30112070967408
Author : Marika Karanassou,Hector Sala
Publisher : Unknown
Page : 128 pages
File Size : 42,9 Mb
Release : 2009
Category : Electronic
ISBN : OCLC:437886133
Author : Robert M. Solow,Peter A. Diamond
Publisher : MIT Press
Page : 262 pages
File Size : 51,9 Mb
Release : 1990
Category : Business & Economics
ISBN : 0262041103
The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades.
Author : L. A. Finley
Publisher : Nova Publishers
Page : 206 pages
File Size : 40,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 1594542724
By 'economic growth' economists mean, in the first place, annual increases in the nation's total output of goods and services -- its national product. Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Economic growth and the productivity are impacted by individual enterprises, industrial sectors and the wider economy. The standard of living of a country is profoundly effected by economic growth and productivity. One of the key questions within the debate on economic growth and productivity is the effect of information technology on the system. This new book presents leading edge research on this exciting topic.
Author : Pierpaolo Benigno,Paolo Surico,Mr.Luca Antonio Ricci
Publisher : International Monetary Fund
Page : 51 pages
File Size : 48,9 Mb
Release : 2010-11-01
Category : Business & Economics
ISBN : 9781455209590
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.
Author : Ian Dew-Becker,Robert J. Gordon
Publisher : Unknown
Page : 104 pages
File Size : 45,6 Mb
Release : 2006
Category : Income
ISBN : IND:30000130108180
In addition to its micro analysis, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one-for-one in the opposite direction. This paper revives research on wage adjustment and produces a dynamic interactive model of price and wage adjustment that explains movements of labor's share of income.
Author : Jonathan Michie,John Grieve Smith
Publisher : OUP Oxford
Page : 284 pages
File Size : 48,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 0198290934
From a post-war assumption that full employment could be maintained through demand management techniques, we now live in an entirely different world. The contributors to this volume consider whether full employment is possible or affordable.
Author : Anonim
Publisher : Unknown
Page : 164 pages
File Size : 51,8 Mb
Release : 1981
Category : Stagnation (Economics)
ISBN : MINN:319510030602974
Author : Mirko Abbritti,Agostino Consolo,Mr. Sebastian Weber
Publisher : International Monetary Fund
Page : 49 pages
File Size : 51,7 Mb
Release : 2021-08-06
Category : Business & Economics
ISBN : 9781513583983
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of two percent, a target value commonly used across central banks. Deviations from the optimal target carry welfare costs multiple times higher than in traditional NK models. The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can handle better the asymmetric and hysteresis effects in our model and deliver significant welfare gains. Our results are robust to the inclusion of the effective lower bound on the monetary policy interest rate.
Author : Victor E. Argy,John Nevile
Publisher : Routledge
Page : 444 pages
File Size : 54,7 Mb
Release : 2016-04-20
Category : Business & Economics
ISBN : 9781317216780
Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Author : Mr.Gee Hee Hong,Zsoka Koczan,Weicheng Lian,Mr.Malhar S Nabar
Publisher : International Monetary Fund
Page : 44 pages
File Size : 55,6 Mb
Release : 2018-03-09
Category : Business & Economics
ISBN : 9781484345351
Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears to be greater slack than meets the eye. Involuntary part-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their averages in the years leading up to the recession.
Author : Robert Kyloh,International Labour Office
Publisher : Unknown
Page : 78 pages
File Size : 41,9 Mb
Release : 1988
Category : Inflation (Finance)
ISBN : STANFORD:36105002299654
Author : Lloyd J. Dumas
Publisher : Univ of California Press
Page : 316 pages
File Size : 50,7 Mb
Release : 1986
Category : Business & Economics
ISBN : 0520061691
Argues that the American economy has continued to decine since the late 1960s and includes ideas for America's revitalization.
Author : Tim Hazledine
Publisher : Springer
Page : 265 pages
File Size : 47,5 Mb
Release : 1984-12-09
Category : Business & Economics
ISBN : 9781349176977
