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Persistent link: https://www.econbiz.de/10009706759
This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in twenty … the unemployment rate—varies substantially across countries. This variation is partly explained by idiosyncratic features …
Persistent link: https://www.econbiz.de/10014395488
changes in aggregate demand, when inflation is rising and unemployment falling unexpectedly, also come with persistent long …
Persistent link: https://www.econbiz.de/10012022008
Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow ""uphill"" from poor to rich countries. And, when it does flow into the less developed economies, it is...
Persistent link: https://www.econbiz.de/10014400133