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-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
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trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …
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Compared with its U.S. and U.K. counterparts, the Labor Tax Credit (LTC) is likely to have more limited effects on incentives for primary-earners to enter the labor force, because of the smaller size of the credit. Any significant increase in the LTC to strengthen its effect on the still large...
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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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developing countries been responsible for thelowered wages of the unskilled, increased unemployment, and widenedincome inequality …
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In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
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