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productivity and employment growth across groups of countries within Europe. Throughout the postwar era until 1995 labor … document the productivity-employment tradeoff in the raw data, in regressions that control for the two-way causation between … productivity and employment growth, and we show that there is a robust negative correlation between productivity and employment …
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This paper analyzes two-way interactions between structural reform and macro policy. If structural reforms increase the flexibility of labor markets, they are likely to improve the short-run inflation-unemployment tradeoff, providing an incentive for policymakers to expand aggregate demand....
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This paper analyzes two-way interactions between structural reform and macro policy. If structural reforms increase the flexibility of labor markets, they are likely to improve the short-run inflation-unemployment tradeoff, providing an incentive for policymakers to expand aggregate demand....
Persistent link: https://www.econbiz.de/10013243375
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