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Is the Macroeconomy Locally Unstable and Why Should We Care?

Beaudry, Paul - 2016

In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates...

Persistent link: https://www.econbiz.de/10012456400

Taxes and Employment Subsidies in Optimal Redistribution Programs

Beaudry, Paul - 1998

employment, and (3) are utilitarian. " Formally, the problem is a special case of a multidimensional screening problem with two … redistribution in this environment involves distorting market" employment upwards for low net-income individuals (through negative … marginal income taxes or" employment subsidies) and distorting employment downward for high net-income individuals" (through …

Persistent link: https://www.econbiz.de/10012472461

Why has the Employment-Productivity Tradeoff among Industrialized Countries been so strong?

Beaudry, Paul - 2002

countries has decreased substantially while the negative effect of a country's own employment growth (or labor force growth) on …

Persistent link: https://www.econbiz.de/10012469961

Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era

Beaudry, Paul - 2001

employment rates, a poorer performance in terms of wage growth for less skilled workers, a larger increase in the service sector … broad wage and employment changes for 18 OECD countries over the same period …

Persistent link: https://www.econbiz.de/10012470577