The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...

New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...

As unemployment falls it is often the most disadvantaged unemployed whoget left behind. To identify what works to improve the job prospects of thisgroup, Helen Evans has looked at Bootstrap Enterprises in Hackney, anexample of a community-based employment project working for 22 years withthis...