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A Swedish economic policy was developed by two trade union economists shortly after the Second World War. The Rehn-Meidner model recommends the use of selective employment policy measures, a tight macroeconomic policy and a wage policy of solidarity to combine full employment and equity with...
Persistent link: https://www.econbiz.de/10005645452
to combine low rates of unemployment with low inflation and high economic growth. Since the early 1990s, Sweden has not …
Persistent link: https://www.econbiz.de/10005645476
thinking about employment, inflation and growth. The model’s main contribution to economics is its dynamic description of wage … economics by incorporating the idea that structural change and company productivity can be promoted by profit squeezes induced …
Persistent link: https://www.econbiz.de/10005648656
training, higher wages, and enhanced productivity. The key empirical challenge is selection into first jobs – for instance …
Persistent link: https://www.econbiz.de/10012171280
December 2011 was a critical month for the Euro currency credibility within the Euro Zone. This is because for the latest 5 years of economic and financial crisis ardent economic and political debates are still trying to sort out the sequels of this recession. Within this context, this paper...
Persistent link: https://www.econbiz.de/10013113346
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015065596
In the United States, labor’s share of income falls after a positive disturbance to productivity growth or inflation …, and it remains low for some time. Previous researchers have argued that the negative relationship between productivity … wages would predict the observed behavior of labor’s share after a productivity disturbance, and it also predicts the …
Persistent link: https://www.econbiz.de/10010290029
In the United States, labor's share of income falls after a positive disturbance to productivity growth or inflation … Nash bargaining ; inflation ; productivity ; search and matching ; labor share …, and it remains low for some time. Previous researchers have argued that the negative relationship between productivity …
Persistent link: https://www.econbiz.de/10009299014
negative relationship between labor’s share and lagged productivity growth and inflation. I also evaluate the role of labor …
Persistent link: https://www.econbiz.de/10009292397
model presents a 'price rule' for government spending that ensures that the ELR is not a source of inflation. Indeed, the … ; Income Transfers ; Investment Subsidies ; Direct Job Creation ; Employer of Last Resort ; Inflation ; Income Distribution …
Persistent link: https://www.econbiz.de/10009487385