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Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
partially due to relative changes in the type of jobs available at these times. Unemployment Insurance (UI) helps individuals … transition through difficult economic situations such as periods of unemployment, and underemployment. While UI provides … insurance to households by helping them “smooth consumption†during a period of unemployment, studies have found evidence of …
Persistent link: https://www.econbiz.de/10011184421
The hypothesis that the behavior of firms in adjusting the number of their employees along a business cycle depends on the size of the firms has often been mentioned in the literature. Several authors argue that small and medium sized enterprises are more hesitant in hiring additional employees...
Persistent link: https://www.econbiz.de/10005135008