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certain that the problems may be resolved through the reform of the federal tax and budget systems. Globalization demands to …
Persistent link: https://www.econbiz.de/10010860834
Forty-five years ago, the A. Philip Randolph Institute issued "The Freedom Budget," in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working,...
Persistent link: https://www.econbiz.de/10009002381
In this paper we consider a standard policy game between the Government and a union. In such a framework, we first investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria. Afterwards, we introduce in the literature the issue...
Persistent link: https://www.econbiz.de/10005076716
welfare, since it often reduces the union’s utility. In particular, we show that an inflation-neutral union will never find it …
Persistent link: https://www.econbiz.de/10005412619
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10005137010
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10011257297
globalization on inflation in both developed and developing countries, and going further for different regional clusters. The … outlier. Nonetheless, despite the mixed impact of globalization on inflation, it does not allow for inflation …This study brings new evidence on the relationship between openness and inflation. We estimate the impact of …
Persistent link: https://www.econbiz.de/10010827730
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353
This paper evaluates the theoretical and empirical evidence that bears on the question of whether globalization and … petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of … globalization can be direct and indirect. Direct impact is through the cheaper imported goods to the U.S. as a component of Consumer …
Persistent link: https://www.econbiz.de/10011205841
Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the benefits of wage moderation. By isolating...
Persistent link: https://www.econbiz.de/10012735994