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The purpose of this paper is to contribute a new model of the Gold Standard, focusing on the interaction between resource scarcity and demographics. In a dynamic micro-founded model we find that: i) prices and equilibrium gold holdings increase with population (a scale effect), but decrease with...
Persistent link: https://www.econbiz.de/10010860975
The purpose of this paper is to contribute a new model of the Gold Standard, focusing on the interaction between resource scarcity and demographics. In a dynamic micro-founded model we find that: i) prices and equilibrium gold holdings increase with population (a scale effect), but decrease with...
Persistent link: https://www.econbiz.de/10010599340
Canada’s macroeconomic and policy performance has continued to outshine most other industrial countries, and its outlook remains favorable. The new government has pledged to maintain the strong social consensus in favor of fiscal surpluses, while aiming at enhancing incentives. The new...
Persistent link: https://www.econbiz.de/10011243614
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
; labor markets show lackluster performance, with low participation rates, high and persistent informality, and, in some cases …, open unemployment. Creating viable and lasting employment is vital to reduce poverty and spread prosperity in the region … examination of the labor market trends in the region in recent decades and assesses the role that labor demand and labor supply …
Persistent link: https://www.econbiz.de/10010943514
This paper examines the impact of the recent wave of trade liberalization and economic reform on employment. Four alternative measures of openness and four measures of the real exchange rate are used to measure the impact of trade reforms on manufacturing and economy-wide employment. Across a...
Persistent link: https://www.econbiz.de/10010943875
Despite the unusually strong labor market of the late 1990s, the labor market outcomes for UI recipients …
Persistent link: https://www.econbiz.de/10010924631
Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within … particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment … provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on …
Persistent link: https://www.econbiz.de/10005826565
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When … growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is …
Persistent link: https://www.econbiz.de/10005599418
No abstract.
Persistent link: https://www.econbiz.de/10010684530