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Is unemployment on steroids in advanced economies?
Di Bella, Gabriel; Grigoli, Francesco; Ramirez, Francisco - 2018
Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this view and points out that, under certain...
Persistent link: https://www.econbiz.de/10011905828
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The Nonmonetary Determinants of Inflation : A Panel Data Study
Cottarelli, Carlo - 1998
This paper explains inflation performance in a sample of industrial and transition economies by looking at policymakers’ incentives to inflate the economy, and the perceived costs of disinflation. It finds a significant effect of fiscal deficits on inflation, particularly (but not exclusively)...
Persistent link: https://www.econbiz.de/10014400778
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Measures of Central Bank Autonomy : Empirical Evidence for OECD, Developing, and Emerging Market Economies
Segalotto, Jean-François - 2006
This paper presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy, based on CB legislation as of end-2003. The index is applied to a set of OECD and developing countries, and emerging market economies. For a smaller set of countries, the paper presents a...
Persistent link: https://www.econbiz.de/10014399860
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The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies
Abiad, Abdul - 2015
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that...
Persistent link: https://www.econbiz.de/10014412096
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Public Debt and Growth
Woo, Jaejoon - 2010
components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to …
Persistent link: https://www.econbiz.de/10014402858
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Trade Patterns Among Industrial Countries : Their Relationship to Technology Differences and Capital Mobility
Saito, Mika - 2004
measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …
Persistent link: https://www.econbiz.de/10014404120
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You Say You Want a Revolution : Information Technology and Growth
Morsink, James - 2002
that IT is contributing to labor productivity growth through both increases in the levels of IT capital per worker and … total factor productivity (TFP) growth in the production of IT equipment. The main outstanding issue is whether IT is …
Persistent link: https://www.econbiz.de/10014401314
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Impact of Structural Reformson Productivity Growth in Industrial Countries
Salgado, Ranil - 2002
This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries … finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to … run, however, structural reforms are found to have significantly positive effects on productivity growth …
Persistent link: https://www.econbiz.de/10014400056
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Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
Rebucci, Alessandro - 2009
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …
Persistent link: https://www.econbiz.de/10014403181
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Productivity in the OECD Countries : A Critical Appraisal of the Evidence
Calderón, César - 2001
suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper … discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the … measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review …
Persistent link: https://www.econbiz.de/10014403617