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Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …
Persistent link: https://www.econbiz.de/10005136626
The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...
Persistent link: https://www.econbiz.de/10011491706
The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...
Persistent link: https://www.econbiz.de/10011305281
compares new evidence on the returns from worker training in the United States, Germany, France, Britain, Japan, Norway, and …-by-doing; Japan's low employee turnover and extensive company training; and Britain's government-led and school-based training schemes … Europe or Japan. Training and the Private Sector points to training programs in Germany, Japan, and other developed countries …
Persistent link: https://www.econbiz.de/10014488233
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …
Persistent link: https://www.econbiz.de/10005777909
Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...
Persistent link: https://www.econbiz.de/10011689142
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