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paper gives an overview of recent trends in the growth of real value added, labour productivity and employment as well as of … demographic scenarios. Based on these trends, the hypothetical increase of labour productivity growth which would be required to … that the hypothetical labour productivity growth rate required is about one percentage point higher than the actual growth …
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This paper studies the dynamics of fertility in 180 countries in the period 1950-2015 and investigates the determinants of the onset of fertility transitions. We find evidence of convergence in three groups of countries, and distinguish the transitioning countries from those not transitioning....
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potentially impacts not just health and productivity, but learning outcomes as well as cognitive and non-cognitive skill …
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We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...
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