Showing 1 - 10 of 92
in times of crisis, since it suggests an immunity to the central bank's interest rate defence. In equilibrium, however …
Persistent link: https://www.econbiz.de/10005124023
We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy. We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10005656134
periods of stable per capita income. There is a similarity here with the growth pattern of Britain. The first countries to …. However, Japan started at a lower level than Britain and grew more slowly until the Meiji Restoration. …
Persistent link: https://www.econbiz.de/10011272718
This paper examines the viewpoint that the dependency of elderly people in modern Britain has been increased by state …
Persistent link: https://www.econbiz.de/10005666510
Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in … services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external …
Persistent link: https://www.econbiz.de/10005788930
children. This paper considers whether similar trends can be identified for Britain. We examine measures of the age profile of …
Persistent link: https://www.econbiz.de/10005791540
This paper tests a two equation model of supply and demand for labour for 1857-1913, the period which was the focus of the original Phillips curve study. The basic structure is an equilibrium model of the labour market with "classical" characteristics arising from a surprise supply function and...
Persistent link: https://www.econbiz.de/10005792319
There has been considerable controversy over the apparent slowdown in productivity growth in Britain and in other …
Persistent link: https://www.econbiz.de/10005792401
countries – Australia, Britain, Germany and the United States – and estimate measures of permanent income inequality that are … annual post-government income inequality across countries, the ranking was the US, Australia, Britain, Germany; (3) comparing … recent year was the US, Australia, Germany, Britain; (4) in the most recent year, the most mobile country was Australia …
Persistent link: https://www.econbiz.de/10008511760
of why post-war Germany is more dynamic than Britain, we evaluate arguments stressing institutional change, catching …, in inter-temporal perspective the scope for catching up between Germany and Britain is unimpressive. We find growth and … that of Britain and by no means more impressive. …
Persistent link: https://www.econbiz.de/10005124060