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This paper studies quarterly employment flows of approximately 10,000 large U.S. manufacturing establishments during … 1972:1-1980:4.After estimating the extent of short run microeconomic substitution between employment and hours per worker … (hours-week), we construct measures of the path of the deviation between actual and desired employment based on the observed …
Persistent link: https://www.econbiz.de/10012473851
This paper identifies Chile`s economic weaknesses and offers policy recommendations for increasing stability. Current problems include weak international financial links, a Central Bank mandate that is ill-designed to deal with terms of trade shocks, a propensity to waste scarce liquidity in the...
Persistent link: https://www.econbiz.de/10013126461
The author identifies sources of volatility in Argentina that include weak international financial links, a recurrent credit crunch and financial underdevelopment problem, a fragile fiscal situation, and a pervasive profit and collateral squeeze mechanism brought about by a rigid labor market...
Persistent link: https://www.econbiz.de/10013126462
This paper studies quarterly employment flows of approximately 10,000 large U.S. manufacturing establishments during … 1972:1-1980:4.After estimating the extent of short run microeconomic substitution between employment and hours per worker … (hours-week), we construct measures of the path of the deviation between actual and desired employment based on the observed …
Persistent link: https://www.econbiz.de/10013233741