Showing 1 - 9 of 9
This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...
Persistent link: https://www.econbiz.de/10012471843
compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are … the inventions that propelled U.S. productivity growth in the first half of the 20th century, and the next EU-10 stage for …-95 for the EU-10 as well as its industrial composition matched very closely the growth record of the U.S. in the previous …
Persistent link: https://www.econbiz.de/10012479654
. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … the U.S. and the EU-10 suffered a growth slowdown, indicating that the benefits of the ICT revolution were temporary … aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is …
Persistent link: https://www.econbiz.de/10012481620
between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth … employment growth across countries and time. Our primary explanatory variables to explain both the revival of EU employment …
Persistent link: https://www.econbiz.de/10012464806
-intensive manufacturing and a set of marketing innovations to a set of additional advantages that would not have been possessed even if Europe …
Persistent link: https://www.econbiz.de/10012468028
After fifty years of catching up to the United States level of productivity, since 1995 Europe has been falling behind. The growth rate in output per hour over 1995-2003 in Europe was just half that in the United States, and this annual growth shortfall caused the level of European productivity...
Persistent link: https://www.econbiz.de/10012468029
This paper analyzes two-way interactions between structural reform and macro policy. If structural reforms increase the flexibility of labor markets, they are likely to improve the short-run inflation-unemployment tradeoff, providing an incentive for policymakers to expand aggregate demand....
Persistent link: https://www.econbiz.de/10012473095
This is a comprehensive study of measurement and substantive issues that arise in determining the rate of multi factor productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment are provided by two government agencies and...
Persistent link: https://www.econbiz.de/10012475182
This paper studies the relationship between real wages and unernployment in Europe. It finds no evidence that high real wages are responsible for the differing behavior of unemployment in Europe as contrasted with the U. S., and across European countries finds patterns of real wage behavior that...
Persistent link: https://www.econbiz.de/10012476613