Showing 1 - 10 of 491
The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although … France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries …, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share …
Persistent link: https://www.econbiz.de/10011244581
This paper describes determinants of Japan’s productivity growth, reform outputs, and speculation on future potential …
Persistent link: https://www.econbiz.de/10011245231
seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States … rigidities appear to be reducing Canada's capacity for creative destruction, hence undermining productivity growth. …
Persistent link: https://www.econbiz.de/10005263929
productivity and unemployment differentials. … differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining …
Persistent link: https://www.econbiz.de/10005264211
generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly …
Persistent link: https://www.econbiz.de/10008727811
Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth … decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …
Persistent link: https://www.econbiz.de/10008727814
unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall …
Persistent link: https://www.econbiz.de/10008561092
This Selected Issues paper attempts to analyze the end-point problem and improve the quality of potential GDP estimates for Germany. It projects that Germany’s potential GDP growth will slow over the coming decade, mainly because of declining labor input. The paper focuses on a long-term...
Persistent link: https://www.econbiz.de/10005825173
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment...
Persistent link: https://www.econbiz.de/10005769331
Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of...
Persistent link: https://www.econbiz.de/10008542982